On August 15, X-Energy declined 9.08% in regular trading, trading at $20.66 per share, with turnover of $70.33 million. The selloff follows the company's Q2 earnings report released on August 13, where a wider-than-expected loss overshadowed strong top-line growth.
X-Energy reported Q2 revenue of $54.6 million, up 154% year-over-year from $21.5 million, handily beating analyst estimates of $41.6 million to $47.4 million. However, the company posted an adjusted loss of $0.15 per share and a GAAP loss of $0.21 per share, significantly worse than the consensus estimate of a $0.11 to $0.12 loss — a miss of approximately 91%. The widening loss has raised investor concerns about escalating operating costs as the company ramps its advanced nuclear reactor and TRISO fuel programs.
Despite recent positive developments including a HALEU supply deal with Centrus Energy, an extended fuel research partnership with Oak Ridge National Laboratory, and up to $21.5 billion in public funding for its Dow Chemical project in Texas, the earnings miss has weighed heavily on sentiment in the near term.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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