X-Energy (NASDAQ:XE) Raised to Strong-Buy at TD Cowen

X-Energy (NASDAQ:XE) was upgraded by stock analysts at TD Cowen to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

XE has been the subject of a number of other research reports. Jefferies Financial Group began coverage on shares of X-Energy in a report on Tuesday. They set a “hold” rating and a $28.00 target price for the company. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday. They set a “peer perform” rating for the company. Cantor Fitzgerald raised shares of X-Energy to a “strong-buy” rating in a report on Wednesday. Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday. They set an “overweight” rating and a $41.00 target price for the company. Finally, Guggenheim began coverage on shares of X-Energy in a report on Tuesday. They set a “buy” rating and a $57.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, X-Energy currently has a consensus rating of “Buy” and an average price target of $39.57.

X-Energy Price Performance

XE opened at $28.67 on Tuesday. 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 bought 1,200 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, with a total value of $27,600.00. Following the purchase, the chief accounting officer 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 12,300 shares of company stock valued at $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

About X-Energy

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.