X-Energy, Inc. (NASDAQ:XE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of X-Energy, Inc. (NASDAQ:XE) have been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $37.8571.

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. UBS Group dropped their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Guggenheim began coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. Wolfe Research started coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Finally, Cantor Fitzgerald initiated coverage on X-Energy in a research note on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target for the company.

X-Energy Stock Down 4.3%

NASDAQ XE opened at $16.31 on Friday. The stock has a 50 day moving average of $19.55. X-Energy has a 52-week low of $13.29 and a 52-week high of $37.10.

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.