X-Energy (XE)

A pure spec. Nobody in this country wants nuclear energy because it's too expensive.

It went public last April. He likes their nuclear story, but it's speculative. Shares have fallen before the IPO price.

They went public last Friday. They design advanced nuclear reactors and produce nuclear fuel. They want to license their technology to customers and let them build those smaller reactors. He likes this model, but building nuclear power plants is a tough business. They've lined in 3 initial customers--Centrica, Amazon and Dow. Amazon owns more than 20% of XE--he likes that. They have a good relationship with the Dept. of Energy. XE is part of the generation focused on small modular reactor designs. XE is very unprofitable, but has decent revenues. It is burning money but is doing this to expand. Their balance sheet is pristine. Are well-capitalized. Profits are years away. Is high-risk. But if this pans out, this will be a high-reward stock.