Stockreport
Nuclear reactor company X-energy begins trading as AI drives interest in the industry [CNBC]
Last ares management corporation class a earnings: 2/13 06:00 am
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US:NYSE Investor Relations: ares-ir.com
The stock opened at $30.11, after upsizing its initial offering, pricing at $23 per share — ahead of the initial range of $16 - $19 per share. The company raised more than $1 billion, making it the largest nuclear public offering on record. Shares last traded 32% higher. The company's xe-100 reactor is 80 megawatts, and can be bundled together with additional reactors to scale up to 960 megawatts. The xe-100's model is a high-temperature gas-cooled reactor . In addition to generating electricity, its high temperatures mean it can be used in hard-to-decarbonize industrial applications such as chemical production. All of the nuclear reactors currently in operation in the U.S. are light water reactors. The company has yet to begin construction on any of its reactor facilities, but it already has an order pipeline of more than 11 gigawatts thanks to partnerships with companies including Amazon Dow and Centrica Prior to going public, the company raised more than $1.4 billion – mos
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- Nuclear reactor company X-energy shares surge 27% as AI drives interest in its IPO [MSNBC.com][MSNBC.com]
- Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO [MSNBC.com][MSNBC.com]
- Nuclear reactor maker X-Energy valued at US$11.9 billion in stellar Nasdaq debut [BNN Bloomberg (Canada)][BNN Bloomberg]
- Market Chatter: Amazon, Ares Set for Big Windfall From X-Energy IPO [Yahoo! Finance][Yahoo! Finance]
- Helix, Hornbeck sign all-stock deal to form integrated offshore group [Yahoo! Finance][Yahoo! Finance]
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