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X-energy stock pops 27% on first day of trading following upsized IPO

Published

3 weeks ago

April 24, 2026

Preport

X-energy’s stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share.

Investors can’t get enough nuclear power, apparently. Even the initial share price had been revised upward from the $16 to $19 target floated by the company during its investor roadshow. At close, the company was valued at $11.5 billion.

Just five years ago, such interest in a nuclear startup would have come as a surprise to many.

Back then, the nuclear industry was haunted by delayed projects and massive cost overruns at recently completed reactors. Two power plants were completed in Georgia — one in the late 2010s and another in the early 2020s. In total, they cost around $30 billion to build.

Nuclear startups in the early 2020s were in their infancy, and at least one frontrunner had run into significant regulatory problems, sparking fears that the industry hadn’t been able to put its past behind it.

Now, investors appear optimistic that X-energy and its peers have figured out a way around the challenges.

Much of the momentum can be traced to the AI-driven data center boom. GPUs need tremendous amounts of electricity, and while solar, wind, batteries, and natural gas have been filling the need today, tech companies have been hoping to diversify. Nuclear power is one of the many options they’ve been exploring, hoping that the compact form factor will be an ideal fit for their sprawling data centers.

Nuclear power has long had more potential to power the U.S. grid than it has been able to deliver. Today, about 18% of electricity in the country comes from nuclear power. But reactor costs have risen in recent decades. Nuclear power might be one of the most reliable sources of electricity in the U.S., but it’s also one of the most expensive.

X-energy’s 80-megawatt reactor design is an order of magnitude smaller than many existing nuclear power plants. The company is betting that modularity can help bring costs down, and data center operators are hoping that a single campus can be powered by a fleet of reactors, providing the sort of redundancy and stability they prize. Amazon has said it will buy up to 5 gigawatts worth of capacity from X-energy over the next decade or so, but chemical maker Dow will receive the startup’s first power plant.

Construction is underway at X-energy’s fuel facility, and while the company has yet to start construction of a power plant, investors appear bullish that the company will be able to break nuclear power free from its decades-long malaise.

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BREAKING: APC Postpones House of Representatives Primary Election, Issues Revised Timetable

Published

5 minutes ago

May 15, 2026

Preport

The All Progressives Congress has postponed its House of Representatives primary election for the 2027 general elections by one day.

The party announced that the exercise, initially scheduled to hold earlier, will now take place on Saturday, May 16, 2026.

This was contained in a press statement issued on May 14, 2026, by the APC National Publicity Secretary, Felix Morka.

According to the statement, all other previously announced dates for the party’s primary elections remain unchanged.

“The All Progressives Congress (APC) announces the postponement of the House of Representatives Primary Election for the 2027 General Elections to Saturday, 16th May, 2026,” the statement read.

The party further confirmed the revised timetable for its remaining primaries as follows:

House of Representatives – Saturday, May 16, 2026
Senate – Monday, May 18, 2026
State House of Assembly – Wednesday, May 20, 2026
Governorship – Thursday, May 21, 2026
Presidential – Saturday, May 23, 2026

The statement did not provide reasons for the postponement of the House of Representatives primary election.

The APC primaries are expected to determine the party’s candidates for various elective offices ahead of the 2027 general elections.

News

Thousands Welcome Naanlong Daniel in Piapung Ahead of Assembly Primary, Launches Ward Coordinators,

Published

13 minutes ago

May 15, 2026

Preport

Thousands Welcome Naanlong Daniel in Piapung Ahead of Assembly Primary, Launches Ward Coordinators,

Thousands of supporters on Thursday welcomed the Speaker of the Plateau State House of Assembly, Naanlong Daniel, to his hometown of Piapung in Mikang Local Government Area, where he inaugurated ward coordinators ahead of the forthcoming House of Assembly primary election.

The event, held at the Piapung Community Hall, attracted party faithful, community leaders, youth groups, women associations, and supporters from across the constituency.

Addressing the gathering, the Speaker charged the newly inaugurated ward coordinators to remain focused and intensify grassroots mobilization ahead of next Wednesday’s primary election.

He urged them to reach every part of the constituency in order to strengthen support and ensure effective coordination during the election period.

Daniel expressed appreciation for what he described as the overwhelming support and confidence reposed in him by the people of Piapung and the wider constituency.

According to him, his campaign remains issue-based, with the development and progress of Mikang as the top priority.

“With God on our side and the support of the people, we are committed to purposeful leadership, sustainable development, and impactful representation for the people of Mikang and beyond,” he said.

The Speaker disclosed that the screening process for beneficiaries of his scholarship scheme had been completed and announced that the programme would soon commence to support students in various tertiary institutions and academic programmes.

He stated that his administration has continued to improve access to education through scholarship initiatives and educational support programmes aimed at easing financial burdens on parents and students across the constituency.

Daniel also reaffirmed his commitment to supporting farmers through the distribution of fertilizers to boost agricultural productivity and food sufficiency in the area.

He further highlighted several projects and programmes executed under his leadership, particularly in the areas of education, agriculture, youth empowerment, and infrastructure development.

The Speaker assured residents of continued efforts toward rural transformation through the execution of additional development projects across communities in Mikang Local Government Area.

He also pledged to further upgrade the community hall he built in Piapung to make the facility more beneficial and convenient for residents.

In his remarks, John Poesmang commended the Speaker for what he described as impactful leadership and quality representation, noting that the people of Piapung were proud of his achievements and developmental strides.

Speaking on behalf of the newly inaugurated coordinators, former councillor of Yepwest Ward, Hon. Hangkop Yohana, thanked the Speaker for the confidence reposed in them and pledged loyalty and commitment toward ensuring the success of the campaign.

The event ended with chants of solidarity and renewed support for the Speaker as supporters reaffirmed their commitment to his leadership and vision for the constituency.