X Energy stock surges on Fluor partnership for Washington SMR

Investing.com · Luke Juricic · 2026-11-06 16:13 UTC

X Energy stock surges on Fluor partnership for Washington SMR

Investing.com -- X Energy Inc (NASDAQ:XE) shares rose 8.4% Friday following the company's announcement of an extended partnership with Fluor Corporation for design and engineering services on Energy Northwest's Cascade Advanced Energy Facility in Washington.

Fluor will provide engineering, design development, supply chain, estimating and project controls services for the nuclear island portion of the proposed Xe-100 advanced small modular reactor facility near Richland, Washington. The agreement marks the second commercial contract between X-energy and Fluor for nuclear island engineering and design.

The partnership builds on Fluor's ongoing work for X-energy's first proposed Xe-100 project in Texas under the U.S. Department of Energy's Advanced Reactor Demonstration Program. The companies aim to incorporate learnings from the first project to support cost and schedule reductions through standardization.

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