Utilities Shares Fall — Utilities Roundup

Utility stocks weakened alongside the broader market. Meanwhile, Cathie Wood's ARK Invest continues accumulating shares of newly public nuclear firm X-Energy, holding over 6.3 million shares valued at $88.4 million. Despite X-Energy's stock falling more than 30% from its IPO price and nearly 65% from its trading high, ARK remains bullish on the advanced reactor developer.

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 17:59 ET (21:59 GMT)

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