X-Energy (NASDAQ:XE) Upgraded by Guggenheim to Strong-Buy Rating

Guggenheim upgraded shares of X-Energy (NASDAQ:XE) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded X-Energy to a “hold” rating in a report on Saturday, May 2nd. TD Cowen assumed coverage on X-Energy in a report on Tuesday. They set a “buy” rating and a $35.00 price target on the stock. UBS Group assumed coverage on X-Energy in a report on Tuesday. They set a “buy” rating and a $40.00 price target on the stock. Cantor Fitzgerald assumed coverage on X-Energy in a report on Tuesday. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on X-Energy in a report on Tuesday. They set a “hold” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, X-Energy has an average rating of “Moderate Buy” and a consensus price target of $39.57.

X-Energy Price Performance

Shares of NASDAQ:XE opened at $26.77 on Tuesday. X-Energy has a 1 year low of $25.06 and a 1 year high of $37.10.

Insider Activity at X-Energy

In related news, CAO Laura Garcia purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price 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 approximately $4,526,906. This represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following 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. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 12,300 shares of company stock worth $282,900 in the last 90 days.

Key Headlines Impacting X-Energy

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

• Positive Sentiment: Guggenheim upgraded X-Energy to strong-buy, adding to a bullish analyst backdrop that has helped support investor optimism. Zacks.com
• Positive Sentiment: JPMorgan initiated coverage with an overweight rating and a $38 price target, highlighting meaningful upside from current levels. Benzinga
• Positive Sentiment: Multiple reports say Wall Street is increasingly bullish on X-Energy after its $1 billion IPO, with several firms issuing buy ratings and some pointing to much higher valuation potential. Seeking Alpha
• Positive Sentiment: The NRC completed environmental review and issued a Finding of No Significant Impact for X-Energy’s proposed Texas nuclear project with Dow, clearing an important hurdle for the advanced reactor program. PR Newswire
• Neutral Sentiment: Several articles noted that X-Energy has traded below its post-IPO highs, but analysts argue the selloff may be creating an opportunity given the company’s long-term nuclear growth story. MSN

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.