X-Energy, Inc.’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:XE)

X-Energy’s (NASDAQ:XE) lock-up period is set to expire on Wednesday, October 21st. X-Energy had issued 44,254,659 shares in its public offering on April 24th. The total size of the offering was $1,017,857,157 based on an initial share price of $23.00. After the expiration of X-Energy’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Several equities analysts recently commented on XE shares. Texas Capital raised shares of X-Energy to a “strong-buy” rating in a report on Monday, September 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price objective on shares of X-Energy in a research note on Friday, August 14th. Piper Sandler reduced their target price on X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective on shares of X-Energy in a research report on Wednesday, June 24th. Finally, TD Cowen reiterated a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, X-Energy currently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

X-Energy Stock Performance

XE opened at $10.54 on Tuesday. The stock has a 50 day simple moving average of $16.35. X-Energy has a 1-year low of $10.07 and a 1-year high of $37.10.

X-Energy (NASDAQ:XE) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The company’s quarterly revenue was up 154.0% compared to the same quarter last year. On average, equities analysts anticipate that X-Energy will post -0.76 EPS for the current year.

Trending Headlines about X-Energy

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

• Positive Sentiment: X-Energy and AEP signed a joint development agreement to study a proposed 960-megawatt, 12-unit Xe-100 small modular reactor (SMR) plant at the former Breed coal site in Sullivan County, Indiana. If built, the project would connect directly to the grid and provide an important commercial deployment for X-Energy’s reactor technology. AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
• Positive Sentiment: Amazon is expected to provide development capital and intends to purchase the plant’s electricity, potentially improving project financing visibility and demonstrating demand from data-center customers. The companies are also collaborating on a broader goal of bringing at least 5 gigawatts of X-energy’s Xe-100 capacity to the grid. X-Energy Stock Gets a Lift From Amazon Deal After Post-IPO Slump
• Positive Sentiment: The partnership strengthens X-Energy’s commercial positioning as utilities and technology companies seek reliable, low-carbon power to meet rapidly growing electricity demand. AEP, Amazon and X-energy Planning 12-SMR Plant
• Neutral Sentiment: The Indiana project remains in the feasibility and development stage; construction, regulatory approvals, final financing and a commercial operating date have not been secured. AEP said the agreements are designed to limit financial risks to its customers and investors. AEP, X-energy Eye 960-MW Nuclear Plant at Retired Indiana Coal Site
• Negative Sentiment: Despite the rebound, XE remains well below its recent highs, while the company is unprofitable and recently reported a quarterly loss larger than analysts expected. Execution, regulatory and financing risks remain significant for investors. Nuclear Stock X-energy Ends a Losing Streak

Institutional Investors Weigh In On X-Energy

Several hedge funds and other institutional investors have recently modified their holdings of XE. Delta Capital Management LLC bought a new position in X-Energy in the third quarter worth approximately $154,000. Robertson Stephens Wealth Management LLC lifted its position in shares of X-Energy by 152.9% during the third quarter. Robertson Stephens Wealth Management LLC now owns 48,050 shares of the company’s stock valued at $681,000 after buying an additional 29,050 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of X-Energy during the third quarter worth $397,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in X-Energy during the 3rd quarter valued at about $160,000. Finally, GK Wealth Management LLC purchased a new stake in X-Energy in the third quarter valued at about $57,000.

X-Energy Company Profile

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.