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X-Energy Shares Rise 11% on Fluor Engineering Deal

X-Energy shares gained 11% to $9.99 at midday Friday after the company selected Fluor to provide design and engineering services for its planned energy facility near Richland, Washington. The rise came as the stock remained down 52% over the past three months.

X-Energy Shares Rise 11% on Fluor Engineering Deal

Fluor will provide engineering, design and development services for the Washington plant, which is intended to contain X-Energy’s Xe-100 modular nuclear reactors. The companies did not disclose financial terms.

The agreement extends an existing X-Energy–Fluor contract supporting a separate nuclear project in Texas. It also advances X-Energy and Amazon.com’s effort to deploy 5 gigawatts of nuclear energy by 2039. Fluor shares were up about 1.7% at $45.72.

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