[Market Movement Interpretation] X-Energy surges on September 17: UK GDA + Xe-100 commercialization

1. On September 15, the advanced small modular reactor Xe-100 was included in the UK's Generic Design Assessment process, officially initiating the deployment and operational acceptability evaluation, which is expected to take about three years; X-Energy and Centrica plan to deploy up to 6 GW, approximately 10 to 20 Xe-100 power stations, in the UK.
2. On September 14, Texas Capital Securities initiated coverage of X-Energy with a "Buy" rating for the first time, setting the target price at 22 USD.

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