UBS Group Upgrades X-Energy (NASDAQ:XE) to “Strong-Buy”

X-Energy (NASDAQ:XE) was upgraded by analysts at UBS Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on XE. Cantor Fitzgerald raised X-Energy to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley started coverage on X-Energy in a research note on Tuesday. They issued an “overweight” rating and a $41.00 price target on the stock. Jefferies Financial Group started coverage on X-Energy in a research note on Tuesday. They issued a “hold” rating and a $28.00 price target on the stock. Guggenheim started coverage on X-Energy in a research note on Tuesday. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Wall Street Zen raised X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $39.57.

X-Energy Stock Up 7.1%

Shares of NASDAQ XE opened at $28.67 on Tuesday. X-Energy has a 1-year low of $25.06 and a 1-year high of $37.10.

Insider Buying and Selling

In other X-Energy news, Director Kathleen W. Hyle acquired 10,000 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the transaction, the director owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Laura Garcia acquired 1,200 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the transaction, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 12,300 shares of company stock worth $282,900.

Key X-Energy News

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

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.