X-Energy (NASDAQ:XE) Sets New 1-Year Low - Here's What Happened

Key Points

• X-Energy hit a new 52-week low, falling as much as 7.7% to $9.95 before last trading at $10.18, below its previous close of $10.98.
• Analyst views are mixed: the consensus rating is “Moderate Buy” with a $29.67 price target, while Piper Sandler cut its target to $8 and rated the stock “underweight.”
• In its latest reported quarter, X-Energy missed analysts’ EPS estimate, posting a loss of $0.15 per share versus an expected loss of $0.09, despite revenue rising 154% year over year to $54.6 million.

X-Energy, Inc. (NASDAQ:XE - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $9.95 and last traded at $10.18, with a volume of 2,153,292 shares. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XE shares. Piper Sandler dropped their target price on X-Energy from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Monday, October 19th. Weiss Ratings assumed coverage on shares of X-Energy in a research report on Monday, July 20th. They set a "sell (d)" rating on the stock. Guggenheim reissued a "buy" rating and issued a $57.00 price objective on shares of X-Energy in a research note on Tuesday, September 8th. Morgan Stanley dropped their price objective on shares of X-Energy from $41.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday, October 14th. Finally, Wedbush began coverage on shares of X-Energy in a research note on Tuesday. They set an "outperform" rating and a $17.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.67.

X-Energy Trading Down 7.7%

The stock has a fifty day moving average price of $14.43. The company has a market cap of $4.12 billion and a P/E ratio of -67.53.

X-Energy (NASDAQ:XE - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) earnings per share (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 revenue was up 154.0% on a year-over-year basis. Analysts anticipate that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On X-Energy

Several institutional investors have recently modified their holdings of the company. Segra Capital Management LLC raised its holdings in X-Energy by 8.3% during the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company's stock worth $222,314,000 after purchasing an additional 1,202,283 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of X-Energy by 87.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,710,077 shares of the company's stock valued at $38,429,000 after buying an additional 1,261,498 shares in the last quarter. Two Seas Capital LP boosted its holdings in shares of X-Energy by 39.4% in the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company's stock valued at $19,773,000 after buying an additional 394,413 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of X-Energy in the 2nd quarter valued at $15,011,000. Finally, State Street Corp purchased a new position in shares of X-Energy in the 2nd quarter valued at $8,522,000.

About X-Energy

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy's products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.

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