Analysts Set X-Energy, Inc. (NASDAQ:XE) Price Target at $41.50

Shares of X-Energy, Inc. (NASDAQ:XE) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.5714.

Several research analysts have weighed in on XE shares. TD Cowen started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Research upgraded shares of X-Energy to a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price objective on the stock. Guggenheim assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective on the stock. Finally, UBS Group assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $40.00 price objective on the stock.

X-Energy Stock Performance

XE opened at $28.32 on Tuesday. X-Energy has a 1-year low of $25.06 and a 1-year high of $37.10.

Insider Buying and Selling at X-Energy

In other news, Director Kathleen W. Hyle acquired 10,000 shares of the firm’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 $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 trade represents a 8.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the transaction, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. 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.