X-Energy Gains on Fluor Engineering Deal

Dow Jones02:31

Shares of X-Energy rose after the company said it has selected Fluor to provide design and engineering services in support of its energy facility near Richland, Wash.

X-Energy's stock climbed 11%, to $9.99, midday Friday, but is down 52% over the past three months.

Financial terms of its deal with Fluor weren't disclosed.

As part of the agreement, Fluor will provide engineering, design and development services for X-Energy's Washington plant containing Xe-100 modular nuclear reactors, which it develops.

The agreement builds upon the existing contract between X-Energy and Fluor that supports another nuclear project in Texas. The deal also advances X-Energy and Amazon.com's efforts to deploy 5 gigawatts of nuclear energy by 2039.

Shares of Fluor are up about 1.7%, at $45.72.

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