X-Energy (NASDAQ:XE) Sets New 12-Month Low - Time to Sell?

Key Points

• X-Energy shares fell to a new 52-week low of $10.04, well below their 50-day moving average of $16.35, amid continued investor concern over the unprofitable company.
• The company gained strategic support through an agreement with AEP to study a 960-megawatt Indiana small modular reactor project, with Amazon expected to provide development capital and purchase electricity.
• Analyst views remain mixed: the consensus rating is “Moderate Buy” with a $33.25 price target, although some firms have issued hold, sell, or underweight ratings. X-Energy’s latest quarter showed 154% year-over-year revenue growth but a larger-than-expected EPS loss.

X-Energy, Inc. (NASDAQ:XE - Get Free Report) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $10.04 and last traded at $10.18, with a volume of 551,313 shares traded. The stock had previously closed at $10.54.

Key X-Energy News

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

• Positive Sentiment: Amazon-backed Indiana project: X-Energy and AEP signed a joint development agreement to study a 960-megawatt facility at the former Breed coal plant site in Sullivan County, Indiana. The proposed plant would use 12 of X-Energy’s Xe-100 small modular reactors and could connect directly to the power grid. X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana
• Positive Sentiment: Amazon provides commercial and financial support: Amazon is expected to provide development capital and intends to purchase electricity from the project, improving the potential financing and demand outlook for X-Energy’s technology. The collaboration is also part of an effort to deploy at least 5 gigawatts of Xe-100 capacity. X-Energy Stock Gets a Lift From Amazon Deal After Post-IPO Slump
• Positive Sentiment: Strategic validation: A partnership involving a major technology company and a large utility strengthens the credibility of X-Energy’s advanced-reactor platform and highlights rising demand for reliable, carbon-free electricity to support data centers and broader power-load growth.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XE shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $22.00 target price on shares of X-Energy in a research report on Wednesday, June 24th. Weiss Ratings started coverage on X-Energy in a report on Monday, July 20th. They set a "sell (d)" rating on the stock. Piper Sandler dropped their target price on X-Energy from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Monday. Texas Capital raised X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 price target on shares of X-Energy in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.25.

X-Energy Stock Up 1.7%

The business has a fifty day simple moving average of $16.35. The company has a market capitalization of $4.36 billion and a P/E ratio of -71.47.

X-Energy (NASDAQ:XE - Get Free Report) last issued 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 firm 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. On average, sell-side analysts anticipate that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Trading of X-Energy

Several institutional investors and hedge funds have recently bought and sold shares of XE. Eastern Bank bought a new position in X-Energy during the 3rd quarter worth approximately $28,000. GK Wealth Management LLC acquired a new position in shares of X-Energy in the 3rd quarter worth approximately $57,000. IFP Advisors Inc bought a new stake in shares of X-Energy in the 2nd quarter valued at approximately $95,000. Silicon Valley Capital Partners bought a new stake in shares of X-Energy in the 2nd quarter valued at approximately $103,000. Finally, Formula Growth Ltd. bought a new stake in shares of X-Energy in the 2nd quarter valued at approximately $174,000.

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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