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

Key Points

• Analyst sentiment is moderately bullish: Six of ten covering firms rate X-Energy a buy, three recommend holding and one recommends selling. The average 12-month price target is $37.86, well above the reported share price of $18.26.
• Institutional interest increased: Several investors, including Bank of New York Mellon, California State Teachers Retirement System and the Ohio public employees’ retirement system, initiated positions in X-Energy during the second quarter.
• Revenue growth came with an earnings miss: Quarterly revenue rose 154% year over year to $54.6 million, but adjusted EPS of negative $0.15 missed the consensus estimate of negative $0.09. Shares were down 4.4%, and the stock trades at a negative price-to-earnings ratio.

Shares of X-Energy, Inc. (NASDAQ:XE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $37.8571.

Several equities research analysts recently issued reports on XE shares. Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an "overweight" rating and a $41.00 target price for the company. Wall Street Zen cut shares of X-Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. Wolfe Research started coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a "peer perform" rating for the company. TD Cowen reiterated a "buy" rating on shares of X-Energy in a research note on Tuesday, June 23rd. Finally, Weiss Ratings started coverage on X-Energy in a report on Monday, July 20th. They set a "sell (d)" rating on the stock.

Institutional Trading of X-Energy

Several institutional investors have recently made changes to their positions in XE. Formula Growth Ltd. purchased a new position in X-Energy in the 2nd quarter worth approximately $174,000. AXQ Capital LP purchased a new stake in X-Energy during the 2nd quarter valued at approximately $188,000. California State Teachers Retirement System bought a new stake in shares of X-Energy during the second quarter valued at approximately $201,000. Public Employees Retirement System of Ohio bought a new stake in shares of X-Energy during the second quarter valued at approximately $221,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of X-Energy in the second quarter worth $1,251,000.

X-Energy Stock Down 4.4%

NASDAQ:XE opened at $18.26 on Thursday. The firm's 50-day moving average is $18.07. The company has a market capitalization of $7.42 billion and a price-to-earnings ratio of -121.73. X-Energy has a 52-week low of $13.29 and a 52-week high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. X-Energy's quarterly revenue was up 154.0% compared to the same quarter last year. On average, equities analysts anticipate that X-Energy will post -0.76 earnings per share for the current year.

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.

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