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X-Energy, Inc. (NASDAQ:XE) is one of the 10 Best New Stocks to Buy Other Than SpaceX.

On June 23, 2026, TD Cowen named X-Energy, Inc. (NASDAQ:XE) a best smid-cap idea for 2026 and kept a Buy rating with a $35 price target. TD Cowen said the stock's pullback after the Q1 report looked overdone. The firm also said the Amazon power agreement submittal shift should not affect the project timeline and sees several catalysts that could help de-risk the X-energy story later this year.

On June 4, X-energy reported Q1 revenue of $43.4M, versus the $67.87M consensus. CEO J. Clay Sell said the company's first earnings announcement as a public company marked an "important moment," pointing to progress in commercializing advanced nuclear technology at scale. Sell said X-energy remained focused on advancing the Xe-100 and TRISO-X fuel while strengthening its regulatory and commercial foundation. CFO Daniel Gross said the recent IPO improved X-energy's liquidity profile, providing approximately $1.1B in net proceeds of additional capital.

Earlier in June, X-Energy submitted an application to enter the United Kingdom's Generic Design Assessment process for its Xe-100 High Temperature Gas-cooled Reactor. Subject to acceptance, the submission marks a significant milestone in X-energy and Centrica's efforts to deploy up to 6 GW of new nuclear in the United Kingdom.

X-Energy, Inc. (NASDAQ:XE) designs and develops nuclear reactor technology.

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 theΒ best short-term AI stock.

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