Needham initiates X-Energy stock with Hold rating on valuation
Needham initiated coverage on X-Energy (NASDAQ:XE) with a Hold rating, citing balanced risk and reward at current valuation. The stock trades at $10.60, down 63.7% over six months. X-Energy has 11.5 GW pipeline, $1.9B liquidity, and expects Q2 2027 permit for Dow project. Q2 loss was $0.15 per share, revenue rose 154% YoY to $54.6M. Piper Sandler cut price target to $8.00, maintains Underweight rating.


