X-Energy (NASDAQ:XE) Trading Down 7% – Here’s What Happened

X-Energy, Inc. (NASDAQ:XE) shares were down 7% during trading on Wednesday . The company traded as low as $18.85 and last traded at $19.00. Approximately 2,107,809 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 5,848,675 shares. The stock had previously closed at $20.43.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XE shares. Wall Street Zen upgraded shares of X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Morgan Stanley started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Guggenheim started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target on the stock. UBS Group started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Wolfe Research started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.57.

X-Energy Stock Up 3.9%

Insider Transactions at X-Energy

In other X-Energy news, CAO Laura Garcia acquired 1,200 shares of the business’s stock in a transaction on Monday, April 27th. The stock was purchased 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 of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen W. Hyle acquired 10,000 shares of the business’s stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, with a total value of $230,000.00. Following the acquisition, the director directly 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 disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 12,300 shares of company stock valued at $282,900 in the last three months.

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.