On June 16, X-Energy rose 6.3% in regular trading, trading at $22.66/share, with turnover of $17.71 million.

On the news front, major technology companies continue to invest in small modular reactor (SMR) technology to address the surging electricity demand driven by AI infrastructure and data center expansion, drawing sustained capital inflows into the nuclear energy sector. X-Energy, which develops advanced SMR technology and manufactures advanced nuclear fuel for utility and industrial customers, has been a primary beneficiary of this thematic momentum.

The company had previously seen its stock price retreat more than 10% following a first-quarter earnings report that missed market expectations, with investors concerned about profitability and cash burn rates. However, over the past week, the persistent industry-level catalyst around AI-driven power demand has fueled a strong technical recovery. Within the Heavy Electrical Equipment sector, Bloom Energy rose 6.85%, GE Vernova gained 2.07%, and NANO Nuclear Energy added 1.87%.

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