X-Energy (NASDAQ:XE) Stock Gets Price Target Trim from Morgan Stanley

X-Energy (NASDAQ:XE) had its target price decreased by Morgan Stanley from $41.00 to $34.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Weiss Ratings initiated coverage on X-Energy in a report on Monday, July 20th. They set a “sell (d)” rating for the company. Jefferies Financial Group restated a “hold” rating and set a $22.00 target price on shares of X-Energy in a research report on Wednesday, June 24th. Texas Capital raised shares of X-Energy to a “strong-buy” rating in a research note on Monday, September 14th. Finally, UBS Group lowered 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 report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, X-Energy has a consensus rating of “Moderate Buy” and an average price target of $33.38.

X-Energy Stock Down 9.5%

Shares of NASDAQ XE opened at $10.36 on Wednesday. X-Energy has a 1-year low of $10.07 and a 1-year high of $37.10. The business has a 50-day moving average of $16.55.

X-Energy (NASDAQ:XE) last announced its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. The business’s revenue for the quarter was up 154.0% on a year-over-year basis. On average, equities research analysts anticipate that X-Energy will post -0.71 earnings per share for the current year.

Institutional Trading of X-Energy

A number of institutional investors and hedge funds have recently modified their holdings of XE. Tidal Investments LLC bought a new position in X-Energy during the 2nd quarter worth approximately $3,344,000. State Street Corp acquired a new position in X-Energy during the second quarter valued at approximately $8,522,000. Segra Capital Management LLC grew its holdings in X-Energy by 8.3% during the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock valued at $222,314,000 after purchasing an additional 1,202,283 shares during the period. WINTON GROUP Ltd bought a new stake in X-Energy in the second quarter valued at approximately $1,645,000. Finally, BlueCrest Capital Management Ltd bought a new stake in X-Energy in the second quarter valued at approximately $7,436,000.

About X-Energy

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.