On July 7, X-Energy declined 5.08% in regular trading, trading at $17.21 per share, with turnover of $10.16 million. The stock reversed earlier session gains as broad-based selling pressure swept through the Heavy Electrical Equipment sector.

The decline was driven primarily by sector-wide weakness, with all major peers posting significant losses. Within the Heavy Electrical Equipment sector, INNIO Holding fell 10.09%, GE Vernova dropped 8.7%, NuScale Power declined 8.17%, Bloom Energy slid 7.79%, and Forgent Power Solutions lost 6.48%. The sector selloff erased gains from earlier in the session, when X-Energy had risen on news of its Xe-100 high-temperature gas-cooled reactor Generic Design Assessment submission to UK regulators.

For context, UBS recently adjusted its price target on X-Energy to $34 from $40 while maintaining a Buy rating. The company reported Q1 revenue of $43.4 million, up 108.7% year-over-year but missing consensus estimates, with net loss widening to $166.2 million.

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