X-Energy (NASDAQ:XE) Shares Gap Up – What’s Next?

X-Energy, Inc. (NASDAQ:XE)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $20.35, but opened at $23.10. X-Energy shares last traded at $22.62, with a volume of 1,470,354 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on XE. Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings began coverage on shares of X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating on the stock. Zacks Research upgraded X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Guggenheim began 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 for the company. Finally, Cantor Fitzgerald assumed coverage on X-Energy in a report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 target price for the company. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

X-Energy Stock Performance

The stock has a 50 day moving average price of $18.34.

X-Energy (NASDAQ:XE) last issued its quarterly earnings data 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. X-Energy’s revenue was up 154.0% on a year-over-year basis. On average, analysts predict that X-Energy, Inc. will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On X-Energy

A hedge fund recently bought a new stake in X-Energy stock. Bank of New York Mellon Corp bought a new stake in X-Energy, Inc. (NASDAQ:XE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 68,126 shares of the company’s stock, valued at approximately $1,251,000.

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.