Analysts Set X-Energy, Inc. (NASDAQ:XE) Price Target at $37.86

X-Energy, Inc. (NASDAQ:XE) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $37.8571.

XE has been the topic of several recent research reports. Morgan Stanley began coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Guggenheim started coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price on the stock. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Finally, UBS Group decreased their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st.

Hedge Funds Weigh In On X-Energy

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

X-Energy Price Performance

Shares of NASDAQ:XE opened at $22.65 on Friday. The stock has a 50 day moving average price of $18.72. X-Energy has a 52-week low of $13.29 and a 52-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.