X-Energy (NASDAQ:XE) Now Covered by JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of X-Energy (NASDAQ:XE) in a research note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $38.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 48.44% from the company’s previous close.

Several other analysts also recently issued reports on XE. UBS Group initiated coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $40.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of X-Energy in a research note on Tuesday. They set a “hold” rating and a $28.00 target price on the stock. Morgan Stanley initiated coverage on shares of X-Energy in a research note on Tuesday. They set an “overweight” rating and a $41.00 target price on the stock. Wolfe Research initiated coverage on shares of X-Energy in a research note on Tuesday. They set a “peer perform” rating on the stock. Finally, TD Cowen initiated coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $35.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

X-Energy Price Performance

Shares of NASDAQ:XE opened at $25.60 on Tuesday. X-Energy has a one year low of $25.06 and a one year high of $37.10.

Insiders Place Their Bets

In related news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired 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 of the company’s stock, valued at $2,935,720. The trade was a 8.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average price of $23.00 per share, with a total value of $27,600.00. Following the completion of the acquisition, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at $4,526,906. This represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 12,300 shares of company stock worth $282,900 over the last ninety days.

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.