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X Energy shares rise 8.4% on announcement of extended partnership with Fluor

Investing.com · ·by G4L

FLR
FLR Fluor Corp
$50.33 +8.28%
View chart & analysis →
XE XE +7.00%
  1. 1X Energy Inc shares rose 8.4% on Friday.
  2. 2Fluor Corporation provides services including engineering and design development for the nuclear island portion of the proposed Xe-100 next-generation small modular reactor facility.
  3. 3X-energy secured a scale of 144 Xe-100 reactors within its commercial pipeline.

So what's the key point?

X Energy's stock price rose 8.4% as the company extended its partnership with Fluor. This extension allows the company to continue receiving reactor design services to expand its business scale.

Source Investing.com · View original ↗

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