X-Energy, Inc. (NASDAQ: XE) received positive coverage initiations from three major Wall Street firms on May 19, 2026. Guggenheim started the stock with a Buy rating. The firm set a $57 price target. Guggenheim highlighted a contracted backlog of approximately 11.5 gigawatts. The firm expects X-Energy to benefit from rising electricity demand from data centers and artificial intelligence.
JPMorgan and Morgan Stanley also initiated coverage with Overweight ratings. JPMorgan set a price target of $38 for the company. Analysts identified X-Energy as a leader in the small modular reactor sector. The company currently holds contracts with Dow, Amazon, and Centrica.
Morgan Stanley assigned a $41 price target to the stock. These initiations occur while X-Energy trades near its 52-week low.