X-Energy, Inc.’s (NASDAQ:XE) Lock-Up Period To Expire on October 21st

X-Energy’s (NASDAQ:XE) lock-up period will end on Wednesday, October 21st. X-Energy had issued 44,254,659 shares in its initial 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 the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

XE has been the topic of a number of research analyst reports. TD Cowen restated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Weiss Ratings assumed coverage on shares of X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating for the company. UBS Group lowered their price target on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Piper Sandler assumed coverage on X-Energy in a research note on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 price objective on the stock. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.00 price objective on shares of X-Energy in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.38.

X-Energy Stock Down 1.6%

XE stock opened at $11.45 on Friday. X-Energy has a 1-year low of $10.80 and a 1-year high of $37.10. The company has a 50-day moving average price of $16.79.

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

Hedge Funds Weigh In On X-Energy

A number of hedge funds and other institutional investors have recently modified their holdings of XE. Eastern Bank purchased a new position in X-Energy during the third quarter valued at approximately $28,000. GK Wealth Management LLC bought a new position in X-Energy in the third quarter worth approximately $57,000. IFP Advisors Inc purchased a new stake in X-Energy during the second quarter worth $95,000. Silicon Valley Capital Partners purchased a new stake in X-Energy during the second quarter worth $103,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in X-Energy during the 3rd quarter valued at $160,000.

X-Energy Company Profile

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.