X-Energy's stock price fell to $14 from its $23 IPO price.
X-Energy develops the Xe-100, a small modular nuclear reactor (SMR). This reactor uses advanced helium-cooled TRISO fuel pebbles. These pebbles significantly reduce meltdown risk.
X-Energy plans to deploy its first commercial reactors in the early 2030s.
Until then, revenue will primarily stem from engineering services and government grants.
Analysts project significant revenue growth between 2025 and 2028 as the company secures more customers ahead of its commercial launch.