Guggenheim Upgrades X-Energy (NASDAQ:XE) to Strong-Buy

X-Energy (NASDAQ:XE) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group started coverage on X-Energy in a report on Tuesday. They set a “hold” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. began coverage on X-Energy in a research report on Tuesday. They issued an “overweight” rating and a $38.00 price target on the stock. Morgan Stanley initiated coverage on X-Energy in a report on Tuesday. They set an “overweight” rating and a $41.00 target price on the stock. UBS Group assumed coverage on X-Energy in a research report on Tuesday. They issued a “buy” rating and a $40.00 target price on the stock. Finally, TD Cowen began coverage on X-Energy in a research note on Tuesday. They issued a “buy” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, X-Energy presently has a consensus rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Stock Performance

Shares of NASDAQ XE opened at $26.77 on Tuesday. X-Energy has a 12 month low of $25.06 and a 12 month high of $37.10.

Insider Buying and Selling

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $230,000.00. Following the acquisition, the director directly owned 127,640 shares of the company’s stock, valued at $2,935,720. The trade was a 8.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the business’s stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $27,600.00. Following the completion of the transaction, the chief accounting officer owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 12,300 shares of company stock worth $282,900 in the last ninety days.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.