There's a new stock for the nuclear-power IPO trade, and Wall Street is piling in. Should you?
X-Energy's IPO raised $1.02 billion, exceeding expectations, with its stock surging 27% on the first trading day. The company, backed by Amazon, plans to capitalize on the growing demand for nuclear power to support AI and data-center development.
X-Energy, a Maryland-based nuclear power company backed by Amazon, has completed its initial public offering (IPO), raising $1.02 billion by selling 44.25 million shares at $23 per share. The IPO was oversubscribed, with the stock closing 27% above the IPO price on its first trading day on the Nasdaq exchange. X-Energy has three major customers, including Amazon, Dow, and Centrica. The company's revenue was $109.1 million in 2025, although it reported a loss of $389.8 million. Amazon owns 24.9% of X-Energy's shares, which increased in value by $408.2 million following the IPO. Other nuclear power companies saw mixed trading results, with Oklo falling 7.1% and Constellation Energy gaining 7.1%. According to LPL Financial's analysis, buying a stock on its first day of trading often results in a negative return over the long term, with a median return of -4.7% after one year.
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