Jim Cramer on X-Energy: “I’ll Bless It, You Can Buy Some”

X-Energy, Inc. (NASDAQ:XE) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer showed positive sentiment around the company but called it a “speculative operation.” The Mad Money host said:

Near the end of April, I talked about X-Energy. I’ve been following up on this one. I kind of really like it. It’s been designing small modular nuclear reactors with plans to license its technology to customers who can then build nuclear plants at their own risk. Once those plants are up and running, X-Energy wants to sell them… Cool business model, but I warn you that as much as I like the story, this is a very speculative operation.

Of course, it’s mostly because things won’t really start kicking in until 2032. I said, you should only buy it with money you can afford to lose, and now you can see why I threw in those caveats as X-Energy has pulled back from $31 to $19. It’s now four bucks below where it came public, even though not much has changed here. Now, if you do like the nuclear power story like I do, you know what? I’ll bless it. You can buy some.

 Photo by Artem Podrez on Pexels

X-Energy, Inc. (NASDAQ:XE) designs and develops nuclear reactor technology, including the Xe-100 reactor capable of generating both electric power and thermal output. In addition, it manufactures nuclear fuels.

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