X-Energy, Inc. (NASDAQ: XE) attracted significant Wall Street interest following its oversubscribed Initial Public Offering. UBS, Morgan Stanley, and JPMorgan initiated coverage this week with Overweight or Buy ratings. Analysts cited the company's integrated business model and substantial backlog for advanced small modular reactors.
The U.S. Nuclear Regulatory Commission (NRC) completed its Environmental Assessment for X-Energy’s joint project with Dow on May 18, 2026. The agency issued a Finding of No Significant Impact for the Texas-based site. This project represents the first expected grid-scale advanced nuclear reactor at a North American industrial site.
Bullish analyst sentiment helped lift X-Energy shares on May 20. This recovery followed a period of declining share prices immediately after the company's market debut. Analysts currently project considerable upside potential from recent trading levels.