X-Energy (NASDAQ:XE) Shares Up 15.8% – Here’s Why

X-Energy, Inc. (NASDAQ:XE) rose 15.8% on Monday . The stock traded as high as $22.22 and last traded at $21.53. Approximately 1,318,671 shares traded hands during trading, a decline of 77% from the average daily volume of 5,783,074 shares. The stock had previously closed at $18.59.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XE shares. UBS Group assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $40.00 target price on the stock. Cantor Fitzgerald assumed coverage on X-Energy in a research note on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. TD Cowen assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price target for the company. Morgan Stanley assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “hold” rating and a $28.00 price target for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, X-Energy has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.

X-Energy Stock Up 16.7%

Insider Transactions at X-Energy

In other news, CAO Laura Garcia purchased 1,200 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $27,600.00. Following the completion of the acquisition, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kathleen W. Hyle purchased 10,000 shares of the stock in a transaction on 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 acquisition, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 12,300 shares of company stock valued at $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.