X-Energy, Inc. (NASDAQ:XE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of X-Energy, Inc. (NASDAQ:XE) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $37.8571.

Several analysts have recently issued reports on the company. Cantor Fitzgerald began coverage on X-Energy in a research note on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target for the company. JPMorgan Chase & Co. started coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price objective on the stock. Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Guggenheim started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price for the company. Finally, Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target on the stock.

X-Energy Stock Performance

X-Energy stock opened at $16.31 on Friday. X-Energy has a one year low of $13.29 and a one year high of $37.10. The stock’s fifty day simple moving average is $19.55.

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.