X-energy Stock Rises 27% in Nasdaq Debut After Upsized IPO

X-energy's stock rose in its debut on the Nasdaq, opening at $30.11 and closing at $29.20, up 27% from its initial public offering price of $23 per share. The nuclear power company had already increased its target price range from $16 to $19 per share before settling on the final $23 price. The IPO was upsized, reflecting strong investor demand. The successful debut highlights continued investor interest in nuclear energy companies as part of the broader push for clean energy alternatives. X-energy is developing small modular reactors designed to be safer and more flexible than traditional nuclear plants. The company's public offering comes as governments and utilities are reconsidering nuclear power's role in reducing carbon emissions and ensuring energy security.