On May 20, X-Energy rose 5.57% in regular trading, trading at approximately $28.35 per share, with trading volume of $26.67 million. The rally extends a rebound from recent lows after the stock had retreated over 18% from its May 11 high.

On the news front, Cantor Fitzgerald initiated coverage of X-Energy with an Overweight rating and a $38 price target, adding to a wave of bullish institutional sentiment. This follows multiple banks launching coverage on May 19, including JPMorgan at Overweight with a $38 target, UBS at Buy with a $40 target, Guggenheim at Buy with a $57 target, and TD Cowen at Buy with a $35 target. Morgan Stanley highlighted that X-Energy could deploy approximately 20 gigawatts of nuclear power by 2040, underpinned by its capital-light business model and proprietary TRISO-X fuel technology. The concentrated initiation of coverage with targets well above the current share price significantly bolstered market confidence and drove continued buying interest in the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)