X-Energy, Inc. (NASDAQ:XE) shares have fallen 48% since May 2026. InvestingPro models flagged the nuclear energy stock as significantly overvalued when it traded at $29 per share. The analysis projected a 41.69% downside with a target price of $15.05. The stock price dropped to $15.06 by mid-July, validating the initial warning.
The company develops advanced small modular reactors. X-Energy reported $117.1 million in revenue and $208.5 million in EBITDA losses when the overvaluation was noted. Q2 2026 revenue increased 154% year-over-year to $150.3 million. EBITDA losses widened to $275.4 million in the second quarter. Multiple analysts have since lowered their price targets for the stock. InvestingPro’s current Fair Value estimate of $12.79 suggests shares remain overvalued.