Movement Alert|X-Energy Rises 5.14% in Regular Trading, DOE Billion-Dollar Funding Boost and Nuclear Sector Recovery Drive Rebound

Market Focus
Aug 21

On August 21, X-Energy rose 5.14% in regular trading, trading at $19.22/share, with turnover of $45.80 million.

On the news front, the U.S. Department of Energy notified the company that it will provide up to $1 billion in additional public funding for its small modular reactor project developed in partnership with Dow Chemical in Texas. Since 2021, total public funding for the project has reached $2.15 billion, providing sustained policy-driven support for the stock.

At the industry level, fellow nuclear energy player NuScale Power gained 5.29% on the same day, creating sector-wide momentum that bolstered X-Energy's rebound. The company recently also extended its TRISO fuel research partnership with Oak Ridge National Laboratory and signed a long-term HALEU supply deal with Centrus Energy, reinforcing its fuel supply chain positioning.

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