X-Energy (NASDAQ:XE) Stock Price Up 6.5% – Here’s What Happened

X-Energy, Inc. (NASDAQ:XE) rose 6.5% during trading on Friday . The company traded as high as $14.78 and last traded at $14.73. 3,351,913 shares traded hands during trading, a decline of 41% from the average daily volume of 5,644,750 shares. The stock had previously closed at $13.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XE shares. JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target for the company. Wolfe Research assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating on the stock. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. 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. Finally, Guggenheim began coverage on X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, X-Energy currently has an average rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Price Performance

The business has a 50 day moving average of $22.51.

Insider Buying and Selling at X-Energy

In related news, CAO Laura Garcia purchased 1,200 shares of X-Energy stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the purchase, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 12,300 shares of company stock worth $282,900 in the last three months.

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.