10 Best New Stocks to Buy Other Than SpaceX

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6. X-Energy, Inc. (NASDAQ:XE)

On June 23, 2026, TD Cowen named X-Energy, Inc. (NASDAQ:XE) a best smid-cap idea for 2026 and kept a Buy rating with a $35 price target. TD Cowen said the stock’s pullback after the Q1 report looked overdone. The firm also said the Amazon power agreement submittal shift should not affect the project timeline and sees several catalysts that could help de-risk the X-energy story later this year.

On June 4, X-energy reported Q1 revenue of $43.4M, versus the $67.87M consensus. CEO J. Clay Sell said the company’s first earnings announcement as a public company marked an “important moment,” pointing to progress in commercializing advanced nuclear technology at scale. Sell said X-energy remained focused on advancing the Xe-100 and TRISO-X fuel while strengthening its regulatory and commercial foundation. CFO Daniel Gross said the recent IPO improved X-energy’s liquidity profile, providing approximately $1.1B in net proceeds of additional capital.

Earlier in June, X-Energy submitted an application to enter the United Kingdom’s Generic Design Assessment process for its Xe-100 High Temperature Gas-cooled Reactor. Subject to acceptance, the submission marks a significant milestone in X-energy and Centrica’s efforts to deploy up to 6 GW of new nuclear in the United Kingdom.

X-Energy, Inc. (NASDAQ:XE) designs and develops nuclear reactor technology.

While we acknowledge the potential of XE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XE and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best New Stocks to Buy Other Than SpaceX.

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