Amazon-backed X-Energy reports a deeper first-quarter loss than a year ago, dragging shares to an all-time low post-IPO.
X-Energy (XE) shares fell to a record low after reporting a wider first-quarter loss than the same period last year. The nuclear startup, which debuted on April 24, is developing advanced small modular reactors (SMRs) and proprietary TRISO-X nuclear fuel but faces cooling investor sentiment in the sector.
The company’s Q1 results marked its first earnings release as a public entity. Nuclear stocks have struggled amid broader market shifts, with XE’s decline reflecting sector-wide challenges. No immediate market reaction details were provided beyond the stock’s drop.
The Dow Jones and S&P 500 extended win streaks on Tuesday, contrasting with XE’s underperformance as broader indices climbed.