Utilities Shares Fall

Dow Jones05:44

Utility stocks were generally weaker along with the broader stock market.

Cathie Wood's ARK Invest is pumping money into the newly public nuclear company X-Energy. Since X-Energy went public on April 24, the funds of Wood's ARK Invest have racked up a total of 6,389,045 shares, valued at $88.4 million, according to company records. Based in Rockville, Maryland, X-Energy specializes in developing a type of advanced nuclear fission reactor known as a small modular reactor.

X-Energy stock has fallen more than 30% from its IPO price of $23 a share. It is almost 65% from the high it reached on its third day of trading. However, that hasn't stopped ARK Invest from scooping up shares. Wood has a penchant for companies working on cutting-edge technology and for expanding her positions when stocks she believes in fall.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

July 17, 2026 17:44 ET (21:44 GMT)

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Wood has a penchant for companies working on cutting-edge technology and for expanding her positions when stocks she believes in fall. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Paulo Trevisani at paulo.trevisani@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 17, 2026 17:44 ET (21:44 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKG","symbol_name":"ARK Genomic Revolution ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652335312","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652335312","pubTimestamp":1784324640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Utility stocks were generally weaker along with the broader stock market.Cathie Wood's ARK Invest is pumping money into the newly public nuclear company X-Energy. 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