On August 20, X-Energy rose 5.17% in regular trading, trading at $19.89/share, with turnover of $44.22 million.

On the news front, the U.S. Department of Energy has notified the company that its small modular nuclear reactor project in Texas, developed in partnership with Dow Chemical, will receive up to an additional $1 billion in public funding. The CEO stated that total public funding for the project since 2021 will reach $2.15 billion, significantly de-risking the project's financial outlook.

Additionally, the company's Q2 earnings released on August 13 showed revenue of $54.6 million, up 154% year-over-year and beating the consensus estimate of $47.4 million. However, EPS of -$0.21 missed the -$0.12 estimate by approximately 91%, which had weighed on the stock earlier in the week. The current rebound suggests the market is refocusing on the DOE funding catalyst and top-line momentum.

Within the Heavy Electrical Equipment sector, nuclear peer NuScale Power rose 6.19%, reflecting broader strength in the nuclear energy subsector.

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