Zacks Research Upgrades X-Energy (NASDAQ:XE) to “Hold”

X-Energy (NASDAQ:XE) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley initiated coverage on shares of X-Energy in a report on Tuesday. They set an “overweight” rating and a $41.00 price target on the stock. Cantor Fitzgerald began coverage on shares of X-Energy in a research report on Wednesday. They set an “overweight” rating and a $38.00 price objective on the stock. Jefferies Financial Group began coverage on shares of X-Energy in a research note on Tuesday. They set a “hold” rating and a $28.00 target price on the stock. Wolfe Research initiated coverage on shares of X-Energy in a report on Tuesday. They issued a “peer perform” rating for the company. Finally, TD Cowen initiated coverage on X-Energy in a research note on Tuesday. They issued a “buy” rating and a $35.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Stock Up 1.2%

Shares of NASDAQ:XE opened at $29.00 on Wednesday. X-Energy has a 12-month low of $25.06 and a 12-month high of $37.10.

Insider Activity at X-Energy

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

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.