X-Energy (XE) stock jumped 27% on its Nasdaq debut after a $1B IPO backed by Amazon and Citadel's Ken Griffin, with shares rising further on Monday. The post X-X-Energy (XE) stock jumped 27% on its Nasdaq debut after a $1B IPO backed by Amazon and Citadel's Ken Griffin, with shares rising further on Monday. The post X-

X-Energy (XE) Stock Jumps 27% in Nasdaq Debut Fueled by Amazon Partnership

2026/04/27 19:44
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Key Highlights

  • X-Energy secured $1 billion through its Nasdaq public offering, finishing 27% higher than its offering price on day one
  • Major investors include Amazon and Ken Griffin, founder of Citadel
  • Shares gained an additional ~16% during Monday’s premarket session
  • The nuclear energy firm achieved a valuation of $11.6 billion by the end of Friday’s session
  • Despite generating $109.3 million in 2025 revenue, X-Energy recorded a $390 million net loss

X-Energy (XE), a nuclear power provider with financial backing from Amazon (AMZN), delivered an impressive first day on the Nasdaq Friday, finishing 27% higher than its offering price after securing $1 billion through its initial public offering.


XE Stock Card
X-Energy, Inc. Class A Common Stock, XE

Momentum carried into the next week, with shares climbing approximately 16% during Monday’s premarket hours. This represents a substantial gain above the IPO price within just two trading sessions.

The nuclear energy firm set its IPO pricing to generate $1 billion in capital, attracting investments from Amazon alongside Ken Griffin, who established Citadel. By Friday’s market close, X-Energy’s valuation stood at $11.6 billion.

X-Energy deploys small modular nuclear reactors to deliver electricity to manufacturing operations and data centers. Its customer base features Dow, Inc. and Amazon among others.

The firm enters a expanding roster of nuclear and energy companies capitalizing on AI infrastructure requirements. Similar players in this sector include Oklo (OKLO) and Fermi (FRMI), though both experienced declines Monday, dropping 7.15% and 9.04% respectively.

Amazon’s investment stems from its requirement for dependable, carbon-neutral power to operate AWS data centers. With AI computing demands escalating within these facilities, securing adequate power sources has evolved into a critical operational priority.

Financial Performance

X-Energy generated $109.3 million in revenue during 2025. However, the company incurred a $390 million net loss over the same period, highlighting the challenges of developing nuclear reactor infrastructure in its formative stages.

The firm’s small modular reactor platform remains in expansion mode, with profitability prospects largely dependent on winning and fulfilling extended energy supply agreements with substantial clients such as Amazon.

Competitive Landscape With Strong Demand

The artificial intelligence surge has driven energy consumption forecasts significantly upward, positioning nuclear power as a prominent option due to its consistent output and minimal carbon emissions.

X-Energy’s public debut introduces another tradable option in this space, distinguished by its established commercial partnership with a leading global cloud computing provider.

While Amazon’s support lends legitimacy, it simultaneously introduces questions regarding dependency risks should the Amazon relationship constitute a disproportionate share of future earnings.

The stock’s robust initial performance indicates continued investor enthusiasm for the nuclear-AI energy narrative, despite some competitors retreating Monday.

During Monday’s premarket session, XE traded roughly 16% higher, extending Friday’s impressive 27% opening day performance.

The post X-Energy (XE) Stock Jumps 27% in Nasdaq Debut Fueled by Amazon Partnership appeared first on Blockonomi.

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