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

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

A number of other brokerages have also recently weighed in on XE. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday. They set a “peer perform” rating on the stock. Guggenheim began coverage on shares of X-Energy in a report on Tuesday. They set a “buy” rating and a $57.00 target price on the stock. Wall Street Zen raised shares of X-Energy to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. began coverage on shares of X-Energy in a report on Tuesday. They set an “overweight” rating and a $38.00 target price on the stock. Finally, TD Cowen started coverage on shares of X-Energy in a report on Tuesday. They set a “buy” rating and a $35.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $39.57.

X-Energy Stock Up 7.1%

Shares of NASDAQ:XE opened at $28.67 on Wednesday. X-Energy has a 1-year low of $25.06 and a 1-year high of $37.10.

Insider Transactions at X-Energy

In other news, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $27,600.00. Following the acquisition, the chief accounting officer directly owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen W. Hyle acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the acquisition, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 12,300 shares of company stock worth $282,900.

Key Stories Impacting X-Energy

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.