Tidal Investments LLC Buys New Stake in X-Energy, Inc. $XE

Key Points

• Tidal Investments purchased 182,111 shares of X-Energy worth approximately $3.34 million in the second quarter. Several other institutional investors also initiated positions, including Wellington Management, BlueCrest Capital and Squarepoint Ops.
• X-Energy shares recently traded at $15.64, up 4.8%, but remain well below their 52-week high of $37.10. The company has a $6.36 billion market capitalization and a deeply negative price-to-earnings ratio.
• The company reported quarterly revenue of $54.6 million, up 154% year over year, but missed earnings expectations with a loss of $0.15 per share versus the projected $0.09 loss. Analysts’ consensus rating is Hold, with an average price target of $34.25.

Tidal Investments LLC purchased a new position in shares of X-Energy, Inc. (NASDAQ:XE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 182,111 shares of the company's stock, valued at approximately $3,344,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP bought a new position in X-Energy in the 2nd quarter valued at about $15,011,000. BlueCrest Capital Management Ltd acquired a new position in shares of X-Energy during the second quarter valued at approximately $7,436,000. Squarepoint Ops LLC bought a new stake in X-Energy during the second quarter worth approximately $5,967,000. Readystate Asset Management LP bought a new position in X-Energy during the 2nd quarter valued at $2,943,000. Finally, WINTON GROUP Ltd acquired a new position in shares of X-Energy during the 2nd quarter valued at $1,645,000.

X-Energy Trading Up 4.8%

Shares of NASDAQ XE opened at $15.64 on Tuesday. The firm has a 50 day moving average price of $17.62. X-Energy, Inc. has a 52 week low of $13.29 and a 52 week high of $37.10. The company has a market cap of $6.36 billion and a PE ratio of -104.27.

X-Energy (NASDAQ:XE - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million for the quarter. X-Energy's revenue for the quarter was up 154.0% on a year-over-year basis. Analysts predict that X-Energy, Inc. will post -0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. Wolfe Research assumed coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a "peer perform" rating on the stock. Zacks Research raised shares of X-Energy to a "hold" rating in a research note on Wednesday, May 20th. Morgan Stanley started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an "overweight" rating and a $41.00 price target on the stock. Finally, Wall Street Zen downgraded X-Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 13th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, X-Energy currently has an average rating of "Hold" and a consensus price target of $34.25.

X-Energy Profile

X-Energy, Inc NASDAQ: XE is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.

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