On April 27, X-Energy rose 9.52% pre-market, trading at approximately $31.99 per share, with trading volume of $1.03 million, extending its powerful rally since its Nasdaq debut.
The surge continues to be fueled by the strong momentum from X-Energy's IPO on April 25. The company priced its offering at $23 per share, significantly above the initial target range of $16 to $19, raising approximately $1.02 billion in total proceeds. The IPO was led by top-tier investment banks including JPMorgan and Morgan Stanley. On its first day of trading, the stock closed up approximately 27%, reaching a market capitalization of around $11.5 billion to $11.9 billion, and continued climbing in after-hours sessions with a further 18.7% gain.
X-Energy specializes in small modular reactor technology and advanced nuclear fuel development, positioning it at the intersection of zero-carbon energy and surging electricity demand driven by AI and data center expansion. Amazon, which held a 29% stake prior to the IPO, has committed to a 5-gigawatt order, providing significant commercial visibility. Early investors including Ken Griffin and Ares have already realized substantial paper gains, though the company remains pre-revenue with commercialization still years away.
(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.)
