JOBY, EQT, XE Stocks Hit 52-Week Lows Last Week: What Drove The Selloff?

• Joby Aviation shares fell to a 52-week low of $7.67 as investors worried about high costs and a lengthy path to commercialization. 
• EQT fell as weak natural gas prices, high inventory levels, and mild weather pressured the stock.
• X-Energy shares dropped to a record low of $15.25, dragged by rising losses, project delays, and heavy spending. 

Joby Aviation (JOBY), EQT Corp. (EQT), and X-Energy (XE) each hit fresh 52-week lows on Friday as investors pulled back from companies facing high costs, long development timelines, and uncertain growth paths, reflecting growing impatience with businesses that require significant capital and time to scale. 

While Joby Aviation stock slipped by over 2%, EQT and X-Energy stocks each dropped by over 3% on Friday. 

JOBY Struggles With Development Costs

Joby Aviation stock reached a 52-week low of $7.67 on Friday and has lost nearly 50% over the past six months as investors focus on the long path toward commercialization.

Joby’s stock has been pressured by concerns that the company will need more capital to continue growing. Earlier in 2026, Joby raised about $1.2 billion by selling shares and issuing convertible notes, providing it with additional funds but also raising concerns that existing shareholders could see their ownership diluted. 

Though Joby’s fiscal first-quarter revenue of $24 million surpassed analyst expectations of $20.2 million, the company recorded a GAAP loss of $110 million during the quarter as certification work and manufacturing expansion expenses increased.

Joby’s manufacturing strategy includes a joint venture with Toyota Motor (TM). Toyota owns 51% of the venture, while Joby holds 49%. The partnership could help Joby leverage Toyota’s manufacturing expertise as it works to increase production capacity.

On Stocktwits, retail sentiment around the stock remained in ‘bullish’ territory. 

Natural Gas Weakness Hits EQT

EQT stock hit a new 52-week low of $47.94 as investors reacted to weaker natural gas conditions ahead of the company’s July 21 earnings report. 

The latest EIA natural gas storage report shows that U.S. gas inventories remain elevated relative to historical levels, with stockpiles above the five-year average. Higher-than-normal supplies, combined with softer demand expectations and mild weather, are putting pressure on natural gas prices and weighing on energy companies that depend on stronger pricing conditions. 

Also, UBS slashed its target price for EQT Corporation from $74 to $73 but continues to recommend buying the stock. Retail sentiment around the stock improved to ‘bullish’ from ‘neutral’ the previous day. 

Nuclear Growth Story Faces Financial Reality

X-Energy stock fell to a record low of $15.25, marking a sharp pullback from its 52-week peak of $37.10 in April. The company’s small modular reactor ambitions have attracted attention as technology companies explore nuclear power for future artificial intelligence data center demand.

However, investors have raised concerns about rising operating losses and delays across the early-stage reactor industry. X-Energy’s fiscal first-quarter results showed an operating loss of $66.11 million, mounting worries that high spending will continue before commercial projects begin producing revenue.

Retail sentiment around the stock remained in ‘bullish’ territory. 

So far this year, while XE and JOBY stocks have cratered 45% and 41% respectively, EQT stock has dropped 8% 

Also See: Why Retail Traders Couldn’t Take Their Eyes Off These Stocks Last Week: AAPL, MU, MSFT, META, BABA

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