Cantor Fitzgerald Reaffirms "Overweight" Rating for X-Energy (NASDAQ:XE)

Key Points

• Cantor Fitzgerald reaffirmed its “Overweight” rating on X-Energy with a $38 price target, implying 67.18% potential upside from the reported $22.73 price. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $37.86.
• X-Energy’s second-quarter revenue surged 154% year over year to $54.6 million, but the company reported a $0.15-per-share loss, missing the expected $0.09 loss.
• The company could receive up to $1 billion in additional Department of Energy funding for its Texas reactor project, while new fuel, graphite and research partnerships support its advanced nuclear commercialization plans.

X-Energy (NASDAQ:XE - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Cantor Fitzgerald in a report released on Friday,Benzinga reports. They presently have a $38.00 price objective on the stock. Cantor Fitzgerald's target price points to a potential upside of 67.18% from the stock's current price.

Other research analysts have also issued reports about the company. Wall Street Zen lowered X-Energy from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. Weiss Ratings started coverage on X-Energy in a report on Monday, July 20th. They set a "sell (d)" rating for the company. TD Cowen restated a "buy" rating on shares of X-Energy in a research note on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $22.00 price target on shares of X-Energy in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an "overweight" rating and a $38.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.86.

X-Energy Trading Up 11.7%

XE opened at $22.73 on Friday. The company's 50 day moving average price is $18.32. X-Energy has a 1 year low of $13.29 and a 1 year high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The business's revenue for the quarter was up 154.0% compared to the same quarter last year. As a group, research analysts predict that X-Energy will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X-Energy stock. Bank of New York Mellon Corp acquired a new stake in X-Energy, Inc. (NASDAQ:XE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 68,126 shares of the company's stock, valued at approximately $1,251,000.

X-Energy News Roundup

Here are the key news stories impacting X-Energy this week:

• Positive Sentiment: The U.S. Department of Energy is expected to provide up to an additional $1 billion in public funding for X-Energy’s Texas advanced nuclear reactor project. The potential funding reduces project financing risk and supports development of the company’s high-temperature gas reactors. Reuters article
• Positive Sentiment: Second-quarter revenue and grant income rose 154% to $54.6 million from $21.5 million a year earlier, reflecting progress on reactor development and related programs. X-energy second-quarter results
• Positive Sentiment: X-Energy received approval to continue its DOE Advanced Reactor Demonstration Program budget period through March 2027, along with an $11 million Tennessee economic development grant for its TRISO-X fuel fabrication campus. It also acquired approximately 70 acres adjacent to the Oak Ridge, Tennessee facility. X-energy operational highlights
• Positive Sentiment: The company entered long-term agreements for HALEU enrichment services with Centrus Energy and General Matter and agreed with SGL Carbon to expand nuclear-grade graphite manufacturing. These arrangements address key fuel and supply-chain needs as X-Energy advances toward commercialization. X-energy supply-chain announcements
• Neutral Sentiment: TRISO-X and Oak Ridge National Laboratory extended their advanced nuclear fuel research partnership, while X-Energy also joined an Idaho National Laboratory initiative with NVIDIA, AWS and other partners to use artificial intelligence to accelerate nuclear deployment. These initiatives support long-term technology development but may not generate near-term revenue. Oak Ridge research partnership
• Negative Sentiment: X-Energy reported a quarterly loss of $0.15 per share, wider than the expected $0.09 loss. The earnings miss highlights continued execution and commercialization risk despite improving revenue and government support. X-energy earnings release

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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