X-Energy's IPO
Listed Apr 24, 2026 at $23 on Nasdaq as XE. Today 52% below its $23 offer price; its first day closed +27.0%.
We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.
We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.
What does X-Energy do?
| Fact | X-Energy |
|---|---|
| What it does | “X-energy is a leading designer of advanced nuclear reactor technology (commonly referred to as small modular reactors, "SMRs") and manufacturer of advanced nuclear fuels.” |
| Founded | 2009 |
| Headquarters | Rockville, Maryland |
| Website | x-energy.com |
What is the offering?
Each figure names the filing it is from and that filing's date.
| Fact | X-Energy |
|---|---|
| Shares offered | 44,254,659 |
| Offer price | $23 a share |
| Raised at that price | $1.02 billion |
| Underwriters' discount | $58.5 million |
| Underwriters | J.P. Morgan, Morgan Stanley, Jefferies, Moelis, Cantor, and UBS, with 3 more |
| Exchange | Nasdaq, as XE |
What the filing says about its money
| Fact | X-Energy |
|---|---|
| Last preferred stock | Series D preferred |
What risks does X-Energy name first?
- “We have not yet delivered a commercial Xe-100 or achieved final investment decisions (FIDs) for any deployments; our FOAK schedule, cost, and performance are uncertain and delays or setbacks, particularly on initial projects, could materially harm our business, reputation, and finances.”
- “We may not generate sufficient liquidity to fund operations and growth; our business is capital intensive and we will require substantial additional financing, which may not be available on acceptable terms and could be dilutive.”
- “Our business depends heavily on U.S. government support, including the ARDP; future appropriations are uncertain, and any reduction, delay, or termination, or failure to obtain needed extensions or modifications under the ARDP Agreement or increases due to inflation and cost growth…”
Dates so far
| What | Day |
|---|---|
| Registration filed | Mar 20, 2026 |
| Declared effective by the SEC | Apr 23, 2026 |
| Priced | Apr 23, 2026 |
| Exchange registration filed | Apr 24, 2026 |
| First trade | Apr 24, 2026 |
| Lock-up ends | Oct 20, 2026, at the latest |
How did its first days trade?
From its daily bars, each close against its $23 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Apr 24 | $30.11 | $29.20 | +27.0% |
| Apr 27 | $32.02 | $35.98 | +56.4% |
| Apr 28 | $34.69 | $34.11 | +48.3% |
| Apr 29 | $35.47 | $31.08 | +35.1% |
| Apr 30 | $31.80 | $31.73 | +38.0% |
What is X-Energy's Quality Score?
The other IPOs expected
| Company | Price |
|---|---|
| $11 to $13 | |
| $19 to $21 | |
| Tracx Logis | |
| $4 to $5 |
X-Energy IPO questions
When is X-Energy's IPO?
Listed Apr 24, 2026 at $23 on Nasdaq as XE.
What is X-Energy's IPO price?
X-Energy's IPO priced at $23 a share, per its final prospectus of Apr 27, 2026.
How many shares is X-Energy selling?
44,254,659 shares, per its final prospectus (424B4).
Who are the underwriters?
J.P. Morgan, Morgan Stanley, Jefferies, Moelis, Cantor, UBS, TD Cowen, Guggenheim Securities, and Wolfe | Nomura Alliance, as the prospectus's cover names them.
When does the lock-up end?
X-Energy's IPO lock-up ends Oct 20, 2026 at the latest; its prospectus lets it end sooner on the terms it sets out. Its final prospectus says: “180 days after the date of this prospectus.”
Does Breakaway rate X-Energy?
X-Energy has a Quality Score of -1 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where X-Energy's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.