X-Energy (NASDAQ:XE) Trading 4.9% Higher – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares shot up 4.9% during trading on Tuesday . The company traded as high as $27.06 and last traded at $26.85. 1,045,868 shares changed hands during trading, a decline of 86% from the average session volume of 7,446,638 shares. The stock had previously closed at $25.60.

Analyst Upgrades and Downgrades

XE has been the subject of several research analyst reports. Wolfe Research started coverage on shares of X-Energy in a research report on Tuesday. They issued a “peer perform” rating for the company. Guggenheim initiated coverage on X-Energy in a research report on Tuesday. They set a “buy” rating and a $57.00 price objective for the company. TD Cowen assumed coverage on shares of X-Energy in a research note on Tuesday. They set a “buy” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. assumed 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 started coverage on X-Energy in a report on Tuesday. They set a “hold” rating and a $28.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.83.

X-Energy Stock Up 8.3%

Insider Buying and Selling at X-Energy

In other X-Energy news, CAO Laura Garcia bought 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, the chief accounting officer owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the acquisition, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. This represents a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 12,300 shares of company stock worth $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.