X-Energy (NASDAQ:XE) Trading 15.8% Higher – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares traded up 15.8% on Monday . The stock traded as high as $22.22 and last traded at $21.53. 1,318,671 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 5,783,074 shares. The stock had previously closed at $18.59.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Guggenheim assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target on the stock. Morgan Stanley started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Zacks Research raised X-Energy to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen started coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, UBS Group started coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $40.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.57.

X-Energy Trading Up 5.8%

Insider Buying and Selling at X-Energy

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Laura Garcia bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares in the company, valued at $4,526,906. This trade represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 12,300 shares of company stock worth $282,900 over the last 90 days.

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.