On April 25, X-Energy rose 5.38% after hours, trading at $30.88/share, with a trading volume of approximately $103 million. The stock had already surged roughly 27% during its first trading session on Nasdaq, and continued to extend gains in after-hours trading.
The strong performance was driven by X-Energy's blockbuster IPO, in which the company sold 44.3 million shares at $23 per share, raising $1.02 billion. The final offering price significantly exceeded the initial target range of $16 to $19 per share, reflecting exceptionally robust investor demand. The IPO was led by top-tier investment banks including JPMorgan and Morgan Stanley. Notably, Amazon held a 29% stake in X-Energy prior to the offering, underscoring major corporate interest in the nuclear energy space.
X-Energy specializes in the design of small modular nuclear reactors and the manufacturing of advanced nuclear fuel using proprietary Triso fuel technology. The company has established partnerships with major enterprises including Amazon and Dow Chemical, and aims to deliver its first reactors in the early 2030s. Analysts have noted that the IPO signals sustained investor appetite for small modular reactor technology as multiple firms race to bring next-generation nuclear power to market.
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