X-Energy (NASDAQ:XE) Upgraded to Strong-Buy at TD Cowen

X-Energy (NASDAQ:XE) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on XE. Morgan Stanley assumed coverage on X-Energy in a research report on Tuesday. They set an “overweight” rating and a $41.00 target price on the stock. UBS Group assumed coverage on X-Energy in a research report on Tuesday. They set a “buy” rating and a $40.00 target price on the stock. Wolfe Research assumed coverage on X-Energy in a research report on Tuesday. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. initiated coverage on X-Energy in a research report on Tuesday. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on shares of X-Energy in a research report on Tuesday. They issued a “hold” rating and a $28.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, X-Energy presently has a consensus rating of “Buy” and a consensus target price of $39.57.

X-Energy Trading Up 7.1%

Shares of XE opened at $28.67 on Tuesday. X-Energy has a 52-week low of $25.06 and a 52-week high of $37.10.

Insider Buying and Selling at X-Energy

In other news, CAO Laura Garcia bought 1,200 shares of X-Energy stock in a transaction dated Monday, April 27th. The stock was purchased 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 in the company, valued at $4,526,906. The trade was a 0.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 12,300 shares of company stock valued at $282,900.

Trending Headlines about X-Energy

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

• Positive Sentiment: Guggenheim upgraded X-Energy to Strong Buy and set a $57 price target, implying substantial upside and reinforcing the bullish Wall Street view. Guggenheim upgrade article
• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $38 price target, adding to the list of major firms turning constructive on the stock. JPMorgan coverage article
• Positive Sentiment: X-Energy has drawn multiple bullish ratings following its IPO, with reports highlighting five buy ratings from six Wall Street firms and broad optimism around its advanced nuclear technology. Wall Street ratings article
• Positive Sentiment: The NRC completed its environmental review for the Dow/X-Energy Texas nuclear project, a regulatory step that can improve confidence in the company’s commercialization path. NRC environmental approval article
• Positive Sentiment: Additional coverage from Barron’s and Yahoo Finance emphasized that analysts see room for X-Energy to rebound despite its recent post-IPO slump, which may help support sentiment. Barron’s coverage article
• Neutral Sentiment: Some headlines noted that X-Energy has been down since its IPO, but these stories framed the weakness as a potential buying opportunity rather than a change in fundamentals. Post-IPO slump article

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.