X-energy stock rises 27% on first day of trading following upsized IPO
X-energy Inc. (XENE) stock surged 27% on its first day of trading following a $1.02 billion upsized IPO, priced above the marketed range. The company, backed by Amazon.com Inc., is now valued at $11.5 billion. The nuclear energy firm's strong debut reflects renewed investor confidence in the sector, driven in part by demand for reliable power sources like nuclear to support AI-driven data centers.
Topics: investment trends IPO nuclear energy stock price movement