X-Energy, Inc. (NASDAQ:XE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

X-Energy, Inc. (NASDAQ:XE) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $39.5714.

A number of equities analysts have weighed in on the company. Wolfe Research began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Jefferies Financial Group began coverage on X-Energy in a research report on Tuesday, May 19th. They set a “hold” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. began coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price on the stock. Guggenheim began coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price on the stock. Finally, Cantor Fitzgerald began coverage on X-Energy in a research report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 target price on the stock.

Insider Transactions at X-Energy

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of the company’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. The trade was a 8.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Laura Garcia bought 1,200 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired 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 disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 12,300 shares of company stock worth $282,900 over the last 90 days.

X-Energy Stock Down 0.7%

NASDAQ XE opened at $18.59 on Friday. X-Energy has a fifty-two week low of $17.37 and a fifty-two week high of $37.10.

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.