Wedbush initiated coverage of X-Energy, Inc. on November 3, 2026. The investment firm assigned an "outperform" rating. It set a price target of $17.00 per share. This target suggests a potential upside of approximately 64%. The stock's previous closing price was $10.37.
Wedbush's positive outlook stems from X-Energy's position as a leading developer of high-temperature gas reactors. The firm noted X-Energy's Xe-100 reactor is advancing towards a construction permit. This permit is from the Nuclear Regulatory Commission for a project at Dow's Seadrift site. Analysts observe investor skepticism about new nuclear technology. This skepticism has resulted in a discounted valuation for the company. Wedbush expects this discount to narrow as X-Energy achieves key licensing and project milestones.