Jim Cramer expressed a negative view on X-Energy, Inc. on CNBC's "Mad Money Lightning Round." He stated the company is "losing too much money." Cramer does not recommend investing in unprofitable companies in a rising interest rate environment.
A Morgan Stanley analyst recently maintained an Overweight rating on X-Energy. The analyst lowered the price target from $41 to $34. X-Energy shares fell 8.5% on the previous trading day. Shares closed at $11.64.