X-Energy (NASDAQ:XE) Raised to Strong-Buy at Texas Capital

X-Energy (NASDAQ:XE) was upgraded by investment analysts at Texas Capital to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Several other brokerages also recently commented on XE. Morgan Stanley assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. Weiss Ratings started coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating on the stock. Guggenheim reiterated a “buy” rating and set a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Finally, Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

X-Energy Stock Down 4.0%

X-Energy stock opened at $15.02 on Monday. The business has a fifty day moving average of $17.59. X-Energy has a 12 month low of $13.29 and a 12 month high of $37.10. The company has a market capitalization of $6.10 billion and a P/E ratio of -100.13.

X-Energy (NASDAQ:XE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The company’s quarterly revenue was up 154.0% on a year-over-year basis. On average, equities analysts expect that X-Energy will post -0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On X-Energy

Several hedge funds and other institutional investors have recently made changes to their positions in XE. IFP Advisors Inc purchased a new stake in X-Energy during the second quarter valued at approximately $95,000. Formula Growth Ltd. purchased a new stake in X-Energy in the 2nd quarter worth approximately $174,000. AXQ Capital LP purchased a new stake in X-Energy in the 2nd quarter worth approximately $188,000. Public Employees Retirement System of Ohio bought a new stake in X-Energy during the 2nd quarter worth approximately $221,000. Finally, Bank of New York Mellon Corp purchased a new position in X-Energy during the second quarter valued at approximately $1,251,000.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.