X-Energy (XE)


Market Price (10/19/2026): $10.37 | Market Cap: $2.9 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

X-Energy (XE)


Market Price (10/19/2026): $10.37
Market Cap: $2.9 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -55%

Megatrend and thematic drivers
Megatrends include Datacenter Power, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Mini Nuclear, Show more.

Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -69%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -245 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -198%

Expensive valuation multiples
P/SPrice/Sales ratio is 23x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 41%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -183%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -297%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

High stock price volatility
Vol 12M is 212%

Key risks
XE key risks include [1] a heavy dependency on uncertain government ARDP funding, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -55%
1 Megatrend and thematic drivers
Megatrends include Datacenter Power, Hydrogen Economy, and Energy Transition & Decarbonization. Themes include Mini Nuclear, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -69%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -245 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -198%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 23x
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 41%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -183%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -297%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
8 High stock price volatility
Vol 12M is 212%
9 Key risks
XE key risks include [1] a heavy dependency on uncertain government ARDP funding, Show more.

XE in ETFs

Weight = XE's share of each fund

VTI0.00%
ITOT0.00%
IWB0.00%
VB0.01%
URA2.6%
ARKQ1.0%
ARKX0.95%
ARKK0.90%
+10 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/16/2026

X-Energy (XE) stock has lost about 45% since 6/30/2026 because of the following key factors:

1. X-Energy's fiscal Q2 2026 earnings significantly missed analyst expectations. The company reported an adjusted loss of $0.15 per share for the quarter ending June 30, 2026, which was announced on August 13, 2026, missing the consensus estimate of a $0.09 loss per share by $0.06. While revenue for the quarter increased by 154% year-over-year to $54.6 million, the widening loss contributed to investor concern.

2. Several prominent analyst firms downgraded their ratings or reduced price targets for X-Energy. For instance, UBS Group decreased its price target from $40.00 to $34.00 on July 1, 2026, maintaining a "buy" rating. Morgan Stanley also lowered its target from $41.00 to $34.00. Additionally, Piper Sandler initiated coverage with an "underweight" rating and a $9.00 target price on September 8, 2026. Weiss Ratings issued a "sell (d)" rating on July 20, 2026. The average 12-month target price among analysts has ranged from $33.38 to $34.25.

Show more
Updated on 10/16/2026

X-Energy (XE) stock has lost about 45% since 6/30/2026 because of the following key factors:

1. X-Energy's fiscal Q2 2026 earnings significantly missed analyst expectations. The company reported an adjusted loss of $0.15 per share for the quarter ending June 30, 2026, which was announced on August 13, 2026, missing the consensus estimate of a $0.09 loss per share by $0.06. While revenue for the quarter increased by 154% year-over-year to $54.6 million, the widening loss contributed to investor concern.

2. Several prominent analyst firms downgraded their ratings or reduced price targets for X-Energy. For instance, UBS Group decreased its price target from $40.00 to $34.00 on July 1, 2026, maintaining a "buy" rating. Morgan Stanley also lowered its target from $41.00 to $34.00. Additionally, Piper Sandler initiated coverage with an "underweight" rating and a $9.00 target price on September 8, 2026. Weiss Ratings issued a "sell (d)" rating on July 20, 2026. The average 12-month target price among analysts has ranged from $33.38 to $34.25.

3. The stock was previously identified as significantly overvalued, leading to a correction. InvestingPro's Fair Value models flagged X-Energy as substantially overvalued in May 2026, with a target price of $15.05 when the stock was trading at $29. The stock subsequently corrected, falling to $15.06 by mid-July, confirming the valuation concerns and contributing to the approximately 45% decline since June 30, 2026.

4. Persistent weak near-term financials and significant cash burn raised investor concerns. Despite strong revenue growth, X-Energy reported a net loss of $271.6 million for the six-month period ended June 30, 2026. The company's EBITDA losses widened to $275.4 million in fiscal Q2 2026, indicating continued cash utilization for its long-term development projects. Although the company holds a robust cash position of approximately $1.9 billion, these ongoing losses and cash burn highlighted the speculative nature of the investment and the prolonged path to profitability.

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Stock Movement Drivers

Fundamental Drivers

The -43.6% change in XE stock from 6/30/2026 to 10/18/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610182026Change
Stock Price ($)18.3610.36-43.6%
Change Contribution By: 
Total Revenues ($ Mil)�910.0%
P/S Multiple�31.20.0%
Shares Outstanding (Mil)2732730.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/18/2026
ReturnCorrelation
XE-43.6% 
Market (SPY)2.2%49.8%
Sector (XLI)-9.4%20.5%

Fundamental Drivers

The 6.4% change in XE stock from 3/31/2026 to 10/18/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610182026Change
Stock Price ($)9.7310.366.4%
Change Contribution By: 
Total Revenues ($ Mil)�910.0%
P/S Multiple�31.20.0%
Shares Outstanding (Mil)2732730.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/18/2026
ReturnCorrelation
XE6.4% 
Market (SPY)17.7%42.0%
Sector (XLI)4.0%24.6%

Fundamental Drivers

The 6.4% change in XE stock from 9/30/2025 to 10/18/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510182026Change
Stock Price ($)9.7310.366.4%
Change Contribution By: 
Total Revenues ($ Mil)�910.0%
P/S Multiple�31.20.0%
Shares Outstanding (Mil)2732730.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/18/2026
ReturnCorrelation
XE6.4% 
Market (SPY)15.5%42.0%
Sector (XLI)9.7%24.6%

Fundamental Drivers

The 6.4% change in XE stock from 9/30/2023 to 10/18/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202310182026Change
Stock Price ($)9.7310.366.4%
Change Contribution By: 
Total Revenues ($ Mil)�910.0%
P/S Multiple�31.20.0%
Shares Outstanding (Mil)2732730.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/18/2026
ReturnCorrelation
XE6.4% 
Market (SPY)84.7%42.0%
Sector (XLI)72.1%24.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XE Return0%0%0%0%0%18%18%
Peers Return24%-2%10%150%127%-28%443%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
XE Win Rate0%0%0%0%0%20% 
Peers Win Rate40%48%56%66%63%38% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
XE Max Drawdown0%0%0%0%0%-68% 
Peers Max Drawdown-35%-30%-35%-46%-52%-56% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEV, BWXT, SMR, OKLO, LEU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/16/2026 (YTD)

How Low Can It Go

EventXES&P 500
2016-2017 Trump Reflation Bond Selloff
  % Loss-31.5%-3.7%
  % Gain to Breakeven45.9%3.9%
  Time to Breakeven3242 days6 days

Compare to GEV, BWXT, SMR, OKLO, LEU

In The Past

X-Energy's stock fell -31.5% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 45.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventXES&P 500
2016-2017 Trump Reflation Bond Selloff
  % Loss-31.5%-3.7%
  % Gain to Breakeven45.9%3.9%
  Time to Breakeven3242 days6 days

Compare to GEV, BWXT, SMR, OKLO, LEU

In The Past

X-Energy's stock fell -31.5% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 45.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About X-Energy (XE)

X-energy (symbol: XE) is a leading innovator in advanced nuclear technology, specializing in the design of Small Modular Reactors (SMRs) and the manufacturing of advanced nuclear fuels. The company aims to address the rapidly increasing global electricity demand, particularly from AI and data center infrastructure, by providing clean, safe, and scalable power generation solutions. Its flagship product is the Xe-100, a High Temperature Gas-cooled Reactor (HTGR) designed to produce 80 megawatts of electric power or 200 megawatts of thermal output, often deployed in an optimized four-reactor configuration for 320 MWe.

X-energy's reactors utilize its proprietary TRISO-X fuel, a high-energy density (15.5% enriched HALEU) spherical pebble fuel, which enhances safety and allows for very high operating temperatures. This advanced fuel will be produced at North America's first purpose-built commercial advanced nuclear fuel fabrication facility, TX-1, in Oak Ridge, Tennessee. The Xe-100's design emphasizes advanced safety features, near-zero direct greenhouse gas emissions, high thermal output, and modularity, making it suitable for both baseload electricity generation and industrial heat applications.

The company has secured significant customer relationships with Dow, Amazon, and Centrica, collectively representing a potential pipeline of over 11 gigawatts electric (144 reactors) across the U.S. and U.K. X-energy also benefits from substantial government backing, having been awarded $1.2 billion as part of the Department of Energy's (DOE) Advanced Reactor Demonstration Program (ARDP) to support the design, licensing, commercialization, and construction of its first plant and fuel facility. This strategic position aims to capitalize on the growing recognition of advanced nuclear as a crucial component for future energy needs.

AI Analysis | Feedback

X-Energy is like the Tesla of nuclear power, developing advanced, modular reactors and their specialized fuel to provide clean, scalable energy.

Think of X-Energy as a specialized Intel for nuclear energy, building both advanced reactors and their unique TRISO-X fuel.

AI Analysis | Feedback

  • Xe-100 Small Modular Reactors (SMRs): Advanced High Temperature Gas-cooled Reactors (HTGRs) designed to generate electricity or provide industrial heat.
  • TRISO-X Nuclear Fuel: Proprietary high-assay low-enriched uranium (HALEU) pebble fuel engineered for exceptional safety margins and use in Xe-100 reactors.

AI Analysis | Feedback

X-Energy (symbol: XE) sells primarily to other companies. Its major customers are:

  • Dow (symbol: DOW)
  • Amazon (symbol: AMZN)
  • Centrica (symbol: CNA.L)

AI Analysis | Feedback

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J. Clay Sell, Chief Executive Officer

Clay Sell joined X-energy as CEO in January 2019. From 2008 to 2018, he served as the president of Hunt Energy Horizons, LLC, the renewable energy subsidiary of Hunt Consolidated, Inc., a multinational energy, real estate, and investment corporation. Earlier in his career, he held several senior-level positions in the U.S. government for 14 years, including Deputy Secretary of Energy in the George W. Bush Administration from 2005-2008, and Special Assistant to the President from 2003-2005.

Daniel Gross, Chief Financial Officer

Daniel Gross was appointed Chief Financial Officer in December 2025. Prior to joining X-energy, he was a corporate development Director at Amazon, where he focused on the Climate Pledge Fund, a corporate venture program. His career includes senior leadership roles in clean energy finance, such as Chief Investment Officer at Climate Real Impact Solutions, Managing Director at Oaktree Capital Management, and Partner at Hudson Clean Energy, indicating a pattern of managing companies backed by private equity or private investment firms. He also previously held roles at Goldman Sachs and GE Capital. Gross served as an Amazon designee on X-energy's Board of Directors.

Dr. Kam Ghaffarian, Founder & Executive Chairman

Dr. Kam Ghaffarian founded X-energy in 2009. A serial entrepreneur, he previously founded Stinger Ghaffarian Technologies, Inc. (SGT) in 1994, a government services company, which was acquired by KBR, Inc. for $355 million in 2018. He is also a co-founder and chairman of several other companies, including Intuitive Machines, LLC, Axiom Space, Inc., and Quantum Space, LLC.

Joel Duling, President, TRISO-X

Joel Duling serves as the President of X-energy's TRISO-X Advanced Nuclear Fuel Unit, a role he was appointed to in September 2024.

Dinkar S. Bhatia, Chief Commercial Officer

Dinkar S. Bhatia was appointed as X-energy's first Chief Commercial Officer in July 2025. He joined the company from Hartree Partners, where he co-led the North American Power business. Mr. Bhatia has over two decades of experience in developing commercial power assets and managing complex energy and infrastructure projects.

AI Analysis | Feedback

Key Risks to X-Energy (XE)

  1. Dependency on and Uncertainty of ARDP Funding: X-energy heavily relies on funding from the U.S. Department of Energy's Advanced Reactor Demonstration Program (ARDP). The company's current budget period for ARDP funding extends through August 2026, and there is no assurance that it will receive additional funding or extensions beyond this period. As of December 31, 2025, X-energy had been reimbursed approximately $438 million of the initial $1.2 billion commitment. A significant portion of X-energy's revenue in fiscal year 2025, specifically 81.8%, was derived from ARDP cost-reimbursement and grant income, underscoring the company's substantial financial reliance on this government program.
  2. Execution Risks Related to First-of-a-Kind (FOAK) Deployment: X-energy's flagship Xe-100 reactor technology and its TRISO-X fuel fabrication facility are first-of-a-kind commercial advanced nuclear projects. The nuclear industry has a historical precedent of cost overruns and schedule delays for such projects. The company faces significant execution risks in moving from development to commercial delivery, which encompasses managing licensing processes, controlling costs, expanding its supply chain, and securing future financing. For instance, the TRISO-X fuel fabrication facility (TX-1) began construction in October 2024 and is expected to be completed by the first half of 2028, representing a complex and novel undertaking.
  3. Pre-Commercial Status and Unproven Business Model: Despite having "high-quality customers" and a potential pipeline of over 11 gigawatts electric (144 reactors), X-energy is still in a pre-commercial phase. The company has not yet delivered a commercial reactor and has not achieved final investment decisions for any deployments. Its commercially relevant revenue streams, such as technology fees, post-commercial operation date services, and fuel sales, are currently negligible. The realization of its projected pipeline is contingent upon customers fully exercising their rights. This indicates that X-energy's long-term revenue model remains largely unproven at scale.

AI Analysis | Feedback

X-Energy faces a clear emerging threat related to the continuation of its substantial federal funding. The company's cooperative agreement for the Advanced Reactor Demonstration Program (ARDP) with the DOE provides a 50/50 cost share of $2.4 billion in eligible costs ($1.2 billion reimbursement) through 2027. However, the current budget period under this agreement extends only through August 2026. Extensions beyond this period are subject to DOE discretion and approval, and the company explicitly states there can be no assurance that it will receive additional ARDP funding or that extensions will be granted. Failure to obtain these extensions would lead to X-Energy forgoing reimbursement for eligible costs incurred beyond the currently approved period and potentially facing de-obligation of unobligated funds, which could significantly impede its design, licensing, commercialization, and construction efforts for its first commercial plant and fuel fabrication facility.

AI Analysis | Feedback

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X-Energy's main products, advanced nuclear reactor technology (small modular reactors or SMRs) and advanced nuclear fuels (TRISO-X fuel), address the growing demand for new electricity generation. The total demand for new electricity generation is expected to increase globally by 7,626 TWh from 2023 to 2030.

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AI Analysis | Feedback

Expected drivers of future revenue growth for X-Energy (XE) over the next 2-3 years include:

  1. Commercial Deployment and Sales of Xe-100 Small Modular Reactors (SMRs): X-energy anticipates significant revenue growth from the deployment of its flagship Xe-100 reactors, with advanced development efforts already underway for initial projects with customers like Dow (at its Seadrift Operations site in Texas) and Amazon (in connection with Energy Northwest). The company has a pipeline of over 11 gigawatts electric (GWe) and 144 reactors across the U.S. and U.K. through its three high-quality customers.
  2. Commercial Production and Sales of TRISO-X Advanced Nuclear Fuel: Revenue is expected to grow from the production and sale of its proprietary TRISO-X pebble fuel. The TX-1 fuel fabrication facility in Oak Ridge, Tennessee, which began construction in October 2024, is anticipated to be completed by the first half of 2028 and will be North America’s first purpose-built commercial advanced nuclear fuel fabrication facility. This facility will have the capacity to support the fuel needs of the first 11 Xe-100 reactors at steady state operations.
  3. Expansion of Existing Customer Engagements: The company has established strong relationships with Dow, Amazon, and Centrica, with a substantial pipeline of 144 reactors contingent on these customers exercising their rights in full. As these projects progress from advanced development to full deployment, X-energy expects continued revenue expansion from these key customers in both the U.S. and the U.K.
  4. Addressing Growing Demand for Electricity and Industrial Heat: X-energy is positioned to capitalize on the historically unprecedented electricity demand growth, particularly from AI and associated data center infrastructure, as well as industrial heat applications. The company's scalable Xe-100 technology and high thermal output capabilities are designed to meet these increasing energy needs, potentially leading to new customer acquisitions and broader market penetration.

AI Analysis | Feedback

Inbound Investments

  • X-energy was awarded an initial $1.2 billion by the Department of Energy (DOE) in December 2020, as part of its selection for the Advanced Reactor Demonstration Program (ARDP).
  • The cooperative ARDP Agreement, signed in February 2021, provides a 50/50 cost share of $2.4 billion of eligible costs, with $1.2 billion in reimbursement, through 2027.
  • As of December 31, 2025, X-energy has been reimbursed approximately $438 million in funding under the ARDP Agreement.

Capital Expenditures

  • Construction began in October 2024 on X-energy's TRISO-X fuel fabrication facility (TX-1) in Oak Ridge, Tennessee.
  • The TX-1 facility is expected to be completed by the first half of 2028 and will be North America's first purpose-built commercial advanced nuclear fuel fabrication facility.
  • ARDP funding supports X-energy's work towards the design, licensing, commercialization, and construction of its first-of-a-kind commercial advanced nuclear plant and the commercial TRISO-X fuel fabrication facility.

Peer Outperformance in Industrial Machinery & Supplies & Components

XE has trailed 63% of its 71 Industrial Machinery & Supplies & Components peers over 5Y. Industrial Machinery & Supplies & Components ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that XE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
45%
of 76 industry peers · 6.4% return
3Y
26%
of 74 industry peers · 6.4% return
5Y
37%
of 71 industry peers · 6.4% return
No Industrial Machinery & Supplies & Components peer with a comparable growth profile has beaten XE by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is XE's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 30 0.6%110.0%170.8% STRL 1765% · FIX 1720% · AGX 753%
Marine Transportation 5 59.5%48.6%134.6% MATX 202% · KEX 147%
Construction Machinery & Heavy Transportation Equipment 13 -2.4%49.8%87.7% CAT 302% · ALSN 244% · WAB 224%
Aerospace & Defense 51 -11.1%59.9%60.0% ATI 1013% · FTAI 796% · HWM 625%
Trading Companies & Distributors 19 8.6%33.7%41.3% DXPE 432% · AIT 254% · URI 205%
Industrial Machinery & Supplies & Components ← 72 10.4%51.6%38.7% CRS 1109% · MLI 491% · SYM 292%
Rail Transportation 7 30.3%66.2%35.5% CSX 52% · UNP 43% · NSC 32%
Cargo Ground Transportation 16 35.1%7.6%26.0% XPO 277% · R 216% · ARCB 56%
Diversified Support Services 34 12.0%30.7%25.2% CXW 232% · OPLN 143% · CACI 118%
Building Products 33 -10.5%16.9%20.5% GFF 333% · TT 178% · JCI 123%
Electrical Components & Equipment 38 -8.9%64.9%9.5% POWL 2002% · BE 940% · VRT 793%
Industrial Conglomerates 17 11.6%5.4%-5.0% CSW 113% · DD 67% · CSL 63%
Agricultural & Farm Machinery 17 1.2%-9.3%-13.6% DE 106% · TTC 11% · AGCO -4%
Environmental & Facilities Services 30 -27.8%27.1%-16.2% CECO 715% · GEO 244% · CLH 190%
Data Processing & Outsourced Services 6 -24.1%-5.9%-20.3% EXLS 57% · BR 8% · G -19%
Office Services & Supplies 9 21.2%22.3%-23.1% PBI 198% · TILE 145% · HNI 46%
Security & Alarm Services 9 -56.2%8.4%-23.2% BCO 79%
Research & Consulting Services 13 -2.1%-19.2%-24.2% HURN 247% · FCN 2% · BAH 1%
Passenger Ground Transportation 3 -23.8%64.7%-31.6% UBER 49% · CAR -32% · LYFT -67%
Air Freight & Logistics 11 -25.2%-16.0%-35.6% FDX 78% · EXPD 75% · CHRW 62%
Passenger Airlines 11 -1.4%9.6%-38.8% LTM 2989% · UAL 104% · DAL 91%
Human Resource & Employment Services 22 13.0%-19.5%-41.9% ADP 52% · PAYX 9% · FA 2%
Airport Services 4 -70.2%-69.3%-82.4% JOBY -46%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

XEGEVBWXTSMROKLOLEUMedian
NameX-Energy GE Verno.BWX Tech.NuScale .Oklo Centrus . 
Mkt Price10.37918.99136.365.7927.87114.5071.19
Mkt Cap2.9246.312.52.14.92.33.9
Rev LTM12441,3673,514111474299
Op Inc LTM-2451,803340-733-2187-105
FCF LTM-36812,438317-779-276-164-220
FCF 3Y Avg-5,670310-348-119-18-18
CFO LTM-22614,139519-776-117-55-86
CFO 3Y Avg-6,805478-347-652222

Growth & Margins

XEGEVBWXTSMROKLOLEUMedian
NameX-Energy GE Verno.BWX Tech.NuScale .Oklo Centrus . 
Rev Chg LTM-13.0%22.7%-81.0%-8.5%10.7%
Rev Chg 3Y Avg--14.8%67.2%-13.5%14.8%
Rev Chg Q72.3%21.9%18.0%-99.1%-14.0%18.0%
QoQ Delta Rev Chg LTM20.4%5.1%4.1%-42.7%-4.8%4.8%
Op Inc Chg LTM-175.7%5.7%-458.1%-196.2%-91.9%-91.9%
Op Inc Chg 3Y Avg--3.6%-137.5%-11.2%3.6%
Op Mgn LTM-197.7%4.4%9.7%-6,854.0%-18,003.6%1.6%-98.1%
Op Mgn 3Y Avg-2.2%11.5%-2,963.6%-11.0%6.6%
QoQ Delta Op Mgn LTM-34.7%0.5%-0.2%-3,041.4%--5.2%-5.2%
CFO/Rev LTM-182.5%34.2%14.8%-7,262.5%-9,662.7%-11.6%-97.1%
CFO/Rev 3Y Avg-17.3%16.0%-2,887.4%-5.4%10.7%
FCF/Rev LTM-296.9%30.1%9.0%-7,284.2%-22,794.7%-34.6%-165.7%
FCF/Rev 3Y Avg-14.3%10.4%-2,894.9%--3.1%3.6%

Valuation

XEGEVBWXTSMROKLOLEUMedian
NameX-Energy GE Verno.BWX Tech.NuScale .Oklo Centrus . 
Mkt Cap2.9246.312.52.14.92.33.9
P/S23.46.03.6197.44,059.04.814.7
P/Op Inc-11.8136.636.8-2.9-22.5307.617.0
P/EBIT-7.8136.627.0-2.9-22.536.112.0
P/E-12.325.835.2-5.1-32.146.910.4
P/CFO-12.817.424.1-2.7-42.0-41.4-7.8
Total Yield-8.1%4.0%3.6%-19.6%-3.1%2.1%-0.5%
Dividend Yield0.0%0.2%0.8%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-3.1%2.4%-13.1%-2.3%-0.4%-0.4%
D/E0.00.00.20.00.00.50.0
Net D/E-0.6-0.00.1-0.5-0.5-0.3-0.4

Returns

XEGEVBWXTSMROKLOLEUMedian
NameX-Energy GE Verno.BWX Tech.NuScale .Oklo Centrus . 
1M Rtn-34.2%-2.3%-7.6%-30.0%-26.7%-21.2%-23.9%
3M Rtn-26.0%-13.1%-20.2%-25.0%-32.2%-26.6%-25.5%
6M Rtn6.5%-8.3%-42.0%-54.2%-58.3%-43.8%-42.9%
12M Rtn6.5%53.5%-32.5%-86.9%-82.9%-69.9%-51.2%
3Y Rtn6.5%559.2%81.0%29.8%170.6%113.9%97.5%
1M Excs Rtn-36.8%-0.9%-7.1%-36.2%-30.0%-23.9%-26.9%
3M Excs Rtn-36.7%-17.7%-22.3%-30.1%-35.8%-29.7%-29.9%
6M Excs Rtn-1.0%-15.8%-49.4%-61.7%-65.7%-51.2%-50.3%
12M Excs Rtn-8.3%34.8%-47.5%-103.9%-98.5%-88.5%-68.0%
3Y Excs Rtn-68.5%484.4%5.9%-73.6%95.1%41.4%23.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20222021
Single Segment10577
Total10577


Price Behavior

Price Behavior
Market Price$10.36 
Market Cap ($ Bil)2.9 
First Trading Date04/24/2026 
Distance from 52W High-71.2% 
   50 Days200 Days
DMA Price$16.65$16.06
DMA Trenddownup
Distance from DMA-37.8%-35.5%
 3M1YR
Volatility91.2%211.6%
Downside Capture650.72264.63
Upside Capture339.70230.87
Correlation (S&P 500)54.2%14.4%
XE Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.994.143.834.362.080.50
Up Beta9.043.935.343.252.190.35
Down Beta0.993.002.370.86-0.03-0.06
Up Capture39%421%345%1056%462%42%
Bmk +ve Days6162766132424
Stock +ve Days61625444444
Down Capture312%462%363%304%157%91%
Bmk -ve Days16263760120328
Stock -ve Days162639666666

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XE
XE-64.7%98.3%-1.76-
Sector ETF (XLI)10.9%17.2%0.4324.6%
Equity (SPY)15.8%12.7%0.8642.0%
Gold (GLD)-1.4%29.4%-0.0534.3%
Commodities (DBC)52.4%20.7%1.92-10.3%
Real Estate (VNQ)4.8%13.7%0.09-5.8%
Bitcoin (BTCUSD)-26.5%43.6%-0.5929.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XE
XE-18.7%98.3%-1.76-
Sector ETF (XLI)12.3%17.6%0.5324.6%
Equity (SPY)13.2%17.1%0.5942.0%
Gold (GLD)18.4%18.9%0.7934.3%
Commodities (DBC)9.9%19.5%0.39-10.3%
Real Estate (VNQ)1.6%18.8%-0.02-5.8%
Bitcoin (BTCUSD)8.6%51.8%0.3429.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XE
XE-13.2%75.7%-1.85-
Sector ETF (XLI)13.0%20.0%0.5722.5%
Equity (SPY)15.2%17.9%0.7237.2%
Gold (GLD)12.3%16.4%0.6129.1%
Commodities (DBC)8.3%18.1%0.37-6.7%
Real Estate (VNQ)5.2%20.7%0.21-2.7%
Bitcoin (BTCUSD)63.1%66.2%1.039.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity25.1 Mil
Short Interest: % Change Since 915202618.8%
Average Daily Volume6.7 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity280.1 Mil
Short % of Basic Shares9.0%

Earnings Returns History

Updated 9/16/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/202611.7%-2.5%-26.6%
6/4/2026-10.0%-31.4%-30.3%
SUMMARY STATS   
# Positive100
# Negative122
Median Positive11.7%  
Median Negative-10.0%-16.9%-28.4%
Max Positive11.7%  
Max Negative-10.0%-31.4%-30.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/202611.7%-2.5%-26.6%
6/4/2026-10.0%-31.4%-30.3%
SUMMARY STATS   
# Positive100
# Negative122
Median Positive11.7%  
Median Negative-10.0%-16.9%-28.4%
Max Positive11.7%  
Max Negative-10.0%-31.4%-30.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202606/04/202610-Q
12/31/202504/27/2026424B4
03/31/202307/25/2023S-4/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202606/04/202610-Q
12/31/202504/27/2026424B4
03/31/202307/25/2023S-4/A

Recent Forward Guidance

Updated 10/8/2026

Latest: Q2 2026 Earnings Reported 8/13/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 TX-1 Vertical Construction CompletionReported      

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Insider Activity

Updated 6/16/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wallace, Michael J Wallace DirectBuy429202623.001,00023,0001,636,703Form
2Hyle, Kathleen W DirectBuy429202623.0010,000230,0002,935,720Form
3Duling, JoelPresident, TRISO-XDirectBuy429202623.001002,30012,712,077Form
4Garcia, LauraChief Accounting OfficerDirectBuy429202623.001,20027,6004,526,906Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wallace, Michael J Wallace DirectBuy429202623.001,00023,0001,636,703Form
2Hyle, Kathleen W DirectBuy429202623.0010,000230,0002,935,720Form
3Duling, JoelPresident, TRISO-XDirectBuy429202623.001002,30012,712,077Form
4Garcia, LauraChief Accounting OfficerDirectBuy429202623.001,20027,6004,526,906Form
Core Cache Last Updated: 10/18/2026