Jeremy Poland/iStock via Getty Images Introduction X-Energy ( XE ) started trading on Nasdaq on April 24, 2026, at $23 per share, raising roughly $1.1B in cash. Stock has traded in a $21-37 range since. Currently sits near $21. That is below the IPO price after a sharp post-IPO peak in early May. XE Price Action (Seeking Alpha) We think the setup is interesting here. Fundamentals and the near-term...
Jeremy Poland/iStock via Getty Images Introduction X-Energy ( XE ) started trading on Nasdaq on April 24, 2026, at $23 per share, raising roughly $1.1B in cash. Stock has traded in a $21-37 range since. Currently sits near $21. That is below the IPO price after a sharp post-IPO peak in early May. XE Price Action (Seeking Alpha) We think the setup is interesting here. Fundamentals and the near-term technical picture point in opposite directions. On the fundamental side, the company has the strongest commercial backlog in the publicly listed SMR cohort (Oklo, NuScale, NANO Nuclear), a vertically integrated fuel franchise, and ~$2B of liquidity to execute. On the technical side, the September 1, 2026, lockup expiry will release significant pre-IPO insider supply into a market that is still digesting the initial float. Our view is that a 4-8 week drawdown is the likely outcome here. We will review the Q1 results, the commercialization roadmap, and our fair value framework. We will also explain why we are recommending Hold for now. Strong Q1, but the Numbers Need Context Q1 revenue and grant income came in at $43.4M (109% YoY). Services Revenue contributed $39.9M and Grant Income $3.5M. What stands out in Q1 is that the $21.6M YoY increase traces back to the ARDP Agreement with the Department of Energy. That tells us X-Energy is executing on the Dow project rather than diversifying into commercial revenue streams yet. Total opex came at $109.5M (up 133% YoY). Direct Costs were $65.4M, and SG&A was $44.1M. The 133% expense growth outpacing 109% revenue growth is normal for a pre-commercial company in active build mode and not a margin concern at this stage in our opinion. Q1 Results (XE Q1 Earnings Presentation) Net loss for the quarter was $166.2M. About $109M of that is a non-cash mark-to-market loss on warrant liabilities tied to the exercise of the 2024 warrant during the IPO process. Operating cash burn came at $67.3M, up 61% YoY. Investing cash use was $166.0M (driv...
U. S. equity futures pointed higher on Tuesday as investors monitored developments surrounding the conflict with Iran and a recovery in artificial intelligence-related technology shares.
U. S. equity futures pointed higher on Tuesday as investors monitored developments surrounding the conflict with Iran and a recovery in artificial intelligence-related technology shares.
Investor Jim Chanos challenged the prevailing narrative comparing SpaceX‘s initial public offering (IPO) valuation to early tech giants like Amazon.com, Google, and Meta Platforms. Chanos took to X on Saturday to respond to a user, The_Real_Fly, stating SpaceX, OpenAI and...
Investor Jim Chanos challenged the prevailing narrative comparing SpaceX‘s initial public offering (IPO) valuation to early tech giants like Amazon.com, Google, and Meta Platforms. Chanos took to X on Saturday to respond to a user, The_Real_Fly, stating SpaceX, OpenAI and...
The stock market in 2026 has rebounded nicely from a challenging time following the launch of the Iran war in late February. Using the popular S&P 500 index , equities have gained 9% through June 7. There's been a lot of attention paid to companies that make semiconductor chips because of their use in artificial intelligence (AI) . And those stocks have soared, helping push the S&P 500 higher. In ...
The stock market in 2026 has rebounded nicely from a challenging time following the launch of the Iran war in late February. Using the popular S&P 500 index , equities have gained 9% through June 7. There's been a lot of attention paid to companies that make semiconductor chips because of their use in artificial intelligence (AI) . And those stocks have soared, helping push the S&P 500 higher. In fact, the S&P 500 Information Technology sector appreciated by 18.4% this year. While investors have flocked to those stocks, others have seen their prices dip this year. Home Depot 's (NYSE: HD) share price has dropped 9%. But long-term investors should take notice and use this opportunity to buy shares. Continue reading
These Are The World's Most Prosperous Countries The world’s richest countries are not always the most prosperous. As Visual Capitalist's Dorothy Neufeld details below , according to the Atlantic Council’s 2026 Prosperity Index , the world’s most prosperous countries tend to combine economic strength with high living standards. Meanwhile, the U.S. places 38th overall, far below many smaller advance...
These Are The World's Most Prosperous Countries The world’s richest countries are not always the most prosperous. As Visual Capitalist's Dorothy Neufeld details below , according to the Atlantic Council’s 2026 Prosperity Index , the world’s most prosperous countries tend to combine economic strength with high living standards. Meanwhile, the U.S. places 38th overall, far below many smaller advanced economies, highlighting the gap between wealth creation and broader quality of life. Europe Leads Global Prosperity Rankings Europe dominates the rankings, claiming 30 of the top 40 spots. Norway, Iceland, Denmark, and Sweden all place in the global top five. With a GDP per capita of $90K , top-ranked Norway benefits from a resource-rich economy in which oil revenues are channeled into its $2.2 trillion sovereign wealth fund. Having doubled in size over the past decade, the fund helps finance public services such as healthcare and education while supporting long-term economic stability. High-ranking Iceland and Denmark also combine expansive social programs with competitive business environments and high levels of public trust. Along with their smaller populations, these factors can support stronger overall quality-of-life outcomes. The rankings below measure how effectively countries convert wealth into broader living standards, including healthcare, education, equality, minority well-being, and environmental quality. Notably, Central European economies such as Slovenia (#10) and Czechia (#12) outperform many larger and wealthier peers. Strong performances in equality, healthcare, and education help these countries rank ahead of major economies including Germany (#13) and France (#23). Their performance suggests that prosperity is shaped not only by national wealth, but also by how evenly resources and opportunities are distributed across society. Singapore Leads Asia in Prosperity Singapore ranks 18th globally, standing out for its high GDP per capita of $93K and strong...
Iraq’s No2 discusses his recipe for a World Cup shock, the players’ singing and his time assisting Sir Alex Ferguson at Manchester United Iraq’s journey to their first World Cup in 40 years involved sacrifices unmatched by any other side. After 20 qualifiers, the team faced a decisive playoff in the Mexican city of Monterrey but, with Iraq dragged into the Middle East war and airspace closed , sev...
Iraq’s No2 discusses his recipe for a World Cup shock, the players’ singing and his time assisting Sir Alex Ferguson at Manchester United Iraq’s journey to their first World Cup in 40 years involved sacrifices unmatched by any other side. After 20 qualifiers, the team faced a decisive playoff in the Mexican city of Monterrey but, with Iraq dragged into the Middle East war and airspace closed , several staff and players had an arduous job getting there. “They had to travel from different cities to Baghdad by car or bus,” says René Meulensteen, the assistant to Iraq’s coach, Graham Arnold. “Some of those journeys took up to eight hours. Then, from Baghdad they travelled roughly 15 hours on bumpy roads to Amman, in Jordan, where occasional flights were still operating. The other Asian-based players made their own way to Amman, so they could all travel together.” Continue reading...