X-Energy (NASDAQ:XE) Raised to “Strong-Buy” at Cantor Fitzgerald

X-Energy (NASDAQ:XE) was upgraded by equities researchers at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms also recently issued reports on XE. JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research note on Tuesday. They set an “overweight” rating and a $38.00 price objective for the company. Guggenheim assumed coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $57.00 price objective for the company. Wolfe Research assumed coverage on shares of X-Energy in a research note on Tuesday. They set a “peer perform” rating for the company. UBS Group assumed coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $40.00 price objective for the company. Finally, Wall Street Zen upgraded shares of X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.57.

X-Energy Stock Performance

XE opened at $28.67 on Wednesday. X-Energy has a 52-week low of $25.06 and a 52-week high of $37.10.

Insiders Place Their Bets

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

Key X-Energy News

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: Guggenheim upgraded X-Energy to Strong Buy and set a $57 price target, implying substantial upside and reinforcing the bullish Wall Street view. Guggenheim upgrade article
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $38 price target, adding to the list of major firms turning constructive on the stock. JPMorgan coverage article
• Positive Sentiment: X-Energy has drawn multiple bullish ratings following its IPO, with reports highlighting five buy ratings from six Wall Street firms and broad optimism around its advanced nuclear technology. Wall Street ratings article
• Positive Sentiment: The NRC completed its environmental review for the Dow/X-Energy Texas nuclear project, a regulatory step that can improve confidence in the company’s commercialization path. NRC environmental approval article
• Positive Sentiment: Additional coverage from Barron’s and Yahoo Finance emphasized that analysts see room for X-Energy to rebound despite its recent post-IPO slump, which may help support sentiment. Barron’s coverage article
• Neutral Sentiment: Some headlines noted that X-Energy has been down since its IPO, but these stories framed the weakness as a potential buying opportunity rather than a change in fundamentals. Post-IPO slump article

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.