X-Energy (NASDAQ:XE) Trading Up 7.5% – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares rose 7.5% on Tuesday . The stock traded as high as $21.79 and last traded at $21.68. 1,018,276 shares changed hands during trading, a decline of 83% from the average daily volume of 5,928,790 shares. The stock had previously closed at $20.16.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. Zacks Research raised shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. Cantor Fitzgerald initiated coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target on the stock. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price for the company. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, X-Energy has an average rating of “Moderate Buy” and a consensus target price of $39.57.

X-Energy Stock Performance

Insider Activity

In related news, CAO Laura Garcia purchased 1,200 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen W. Hyle acquired 10,000 shares of the stock in a transaction on Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. The trade was a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 12,300 shares of company stock valued at $282,900 over the last 90 days.

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.