X-Energy (NASDAQ:XE) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of X-Energy (NASDAQ:XE) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

XE has been the topic of a number of other reports. Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday. They issued an “overweight” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a report on Tuesday. They issued an “overweight” rating and a $38.00 price target on the stock. TD Cowen initiated coverage on X-Energy in a research report on Tuesday. They set a “buy” rating and a $35.00 price target on the stock. Cantor Fitzgerald raised X-Energy to a “strong-buy” rating in a research report on Wednesday. Finally, Wall Street Zen raised X-Energy to a “hold” rating in a research report on Saturday, May 2nd. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $39.57.

X-Energy Stock Up 7.1%

Shares of NASDAQ:XE opened at $28.67 on Tuesday. X-Energy has a fifty-two week low of $25.06 and a fifty-two week high of $37.10.

Insiders Place Their Bets

In other news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 12,300 shares of company stock worth $282,900 in the last ninety days.

More X-Energy News

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: Guggenheim upgraded X-Energy to Strong Buy and set a $57 price target, implying substantial upside and reinforcing the bullish Wall Street view. Guggenheim upgrade article
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $38 price target, adding to the list of major firms turning constructive on the stock. JPMorgan coverage article
• Positive Sentiment: X-Energy has drawn multiple bullish ratings following its IPO, with reports highlighting five buy ratings from six Wall Street firms and broad optimism around its advanced nuclear technology. Wall Street ratings article
• Positive Sentiment: The NRC completed its environmental review for the Dow/X-Energy Texas nuclear project, a regulatory step that can improve confidence in the company’s commercialization path. NRC environmental approval article
• Positive Sentiment: Additional coverage from Barron’s and Yahoo Finance emphasized that analysts see room for X-Energy to rebound despite its recent post-IPO slump, which may help support sentiment. Barron’s coverage article
• Neutral Sentiment: Some headlines noted that X-Energy has been down since its IPO, but these stories framed the weakness as a potential buying opportunity rather than a change in fundamentals. Post-IPO slump article

X-Energy Company Profile

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.