Mirae Asset Global Investments Co. Ltd. Makes New $6.27 Million Investment in X-Energy, Inc. $XE

Mirae Asset Global Investments Co. Ltd. purchased a new position in X-Energy, Inc. (NASDAQ:XE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 442,061 shares of the company’s stock, valued at approximately $6,268,000. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of X-Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XE. Tidal Investments LLC purchased a new stake in X-Energy during the 2nd quarter worth about $3,344,000. Segra Capital Management LLC raised its stake in X-Energy by 8.3% in the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock valued at $222,314,000 after purchasing an additional 1,202,283 shares during the last quarter. State Street Corp acquired a new position in X-Energy in the 2nd quarter valued at about $8,522,000. BlueCrest Capital Management Ltd purchased a new position in X-Energy in the 2nd quarter valued at about $7,436,000. Finally, WINTON GROUP Ltd purchased a new position in X-Energy in the 2nd quarter valued at about $1,645,000.

X-Energy Stock Performance

Shares of NASDAQ:XE opened at $9.00 on Friday. The stock has a market capitalization of $3.66 billion and a P/E ratio of -60.00. The firm has a fifty day simple moving average of $14.06. X-Energy, Inc. has a 52 week low of $8.68 and a 52 week high of $37.10.

X-Energy (NASDAQ:XE) last released its 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 company had revenue of $54.60 million during the quarter. The business’s revenue was up 154.0% on a year-over-year basis. Research analysts forecast that X-Energy, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XE. Wedbush assumed coverage on shares of X-Energy in a research note on Tuesday. They set an “outperform” rating and a $17.00 price target on the stock. Guggenheim reissued a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a research report on Tuesday, September 8th. Piper Sandler reduced their price objective on shares of X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Weiss Ratings initiated coverage on shares of X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of X-Energy in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

X-Energy Profile

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.