On August 17, X-Energy rose 5.24% in regular trading, trading at $22.0285 per share with turnover of $17.76 million, partially recovering from a 9.08% decline two sessions prior following its Q2 earnings report.

The rebound appears supported by the announcement that the U.S. Department of Energy will provide up to an additional $1 billion in public funding for X-Energy's small modular reactor project in Texas, developed in collaboration with Dow Chemical. The CEO disclosed that total public funding for the project has reached $2.15 billion since 2021. Meanwhile, Q2 revenue of $54.6 million represented 154% year-over-year growth, significantly beating consensus estimates of $41.6 million to $47.4 million, though EPS of $(0.21) missed the $(0.12) estimate by approximately 91%. The initial selloff driven by the earnings miss may have been overdone given the strong revenue trajectory and substantial government backing for its Xe-100 reactor pipeline.

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