X-Energy, Inc. XE is developing the Xe-100, a high-temperature gas-cooled reactor designed to meet both electricity and industrial heat requirements. XE’s four-reactor configuration is designed to generate 320 MWe of electricity while also providing high-temperature heat for industrial applications. Each Xe-100 reactor is designed to produce 80 MWe of electricity or nearly 200 MW of thermal output.
The industrial-heat opportunity could allow XE to pursue customers that do not fit the traditional utility model. The company specifically states that it is developing its reactors for both traditional electric-power customers and nontraditional industrial customers that require high-temperature heat.
XE is also pursuing this opportunity outside the United States. Through its partnership with Centrica, the company has identified Hartlepool in the U.K. as a preferred site for a potential Xe-100 fleet. The proposed project could include multiple Xe-100 reactors capable of providing electricity as well as high-temperature heat for industrial uses.
In September 2026, Centrica and X-Energy announced that the Xe-100 had been accepted into the U.K.’s Generic Design Assessment process. The assessment is expected to take approximately three years and will involve the Office for Nuclear Regulation, the Environment Agency and Natural Resources Wales.
Under their partnership, Centrica and X-Energy intend to deploy up to 6 GW of new nuclear capacity in the U.K., equivalent to roughly 10 to 20 Xe-100 power stations depending on the size of each installation.
Together, Dow, Amazon and Centrica underpin a potential pipeline of 144 reactors representing approximately 11.5 GWe, assuming customers exercise their contingent rights in full.
Companies Developing Advanced Nuclear Power
X-Energy is developing advanced nuclear reactors designed to provide reliable electricity and high-temperature industrial heat for utilities and energy-intensive customers.
Oklo OKLO is developing advanced fission reactors focused on providing reliable, low-carbon electricity to commercial and industrial customers.
NuScale Power SMR is developing small modular reactor technology designed to provide scalable, carbon-free electricity for utilities and other power customers.
XE Stock’s Earnings Estimates
The Zacks Consensus Estimate for 2027 earnings per share indicates an increase of 26.87% year over year.
Image Source: Zacks Investment Research
XE Stock Trading at a Premium
XE is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 12.87X compared with the industry average of 4.95X.
Image Source: Zacks Investment Research
XE Stock’s Price Performance
In the past three months, the company’s shares have lost 14.3% compared with the industry’s 8.9% decline.
Image Source: Zacks Investment Research
XE’s Zacks Rank
The company currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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X-Energy, Inc. (XE): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).