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X-Energy Inc. (NASDAQ:XE) is one of the 10 High-Flying Stocks With Double-Digit Returns.

Amazon-backed X-Energy soared by as much as 36 percent in its first day as a publicly listed company, as investors gobbled up its shares amid the strong optimism and rosy prospects for the nuclear sector.

X-Energy Inc. (NASDAQ:XE) opened the day immediately, clocking a 30.9-percent gain at $30.11, then soared to its highest price of $31.33, before finishing the session at $29.20. It priced its initial public offering (IPO) at $23 apiece.

Photo from X-Energy website

The company—now valued at $11.5 billion—successfully raised $1.017 billion from its IPO, covering more than 44.2 million Class A shares.

In connection with the offering, X-Energy Inc. (NASDAQ:XE) also granted its underwriters a 30-day option to purchase up to an additional 6.6 million shares. If fully subscribed, this would increase its offer by another $152.68 million, for a total of $1.169 billion.

X-Energy Inc. (NASDAQ:XE) is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation.

In 2024, it earned the backing of e-commerce giant Amazon by being both an investor and a client, as the latter ramps up its plans to secure energy services from small modular reactors.

While we acknowledge the potential of XE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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