Overview
- Oklo and Los Alamos National Laboratory ran multi-day plutonium fast-spectrum critical experiments at DOE’s National Criticality Experiments Research Center using the Flattop assembly.
- The low-power tests generated benchmark data and demonstrated inherent safety features, which Oklo called the first public technical milestone for its Pluto test reactor project.
- Oklo reported issuance of a Preliminary Documented Safety Analysis for a planned fuel-fabrication facility at Idaho National Laboratory, the second of three safety-basis steps before a final DSA.
- Shares fell 9.06% to $75.94 on Wednesday after Jim Cramer recommended selling the stock on Mad Money and criticized the company’s valuation.
- Analysts remained broadly constructive, with recent Buy ratings and triple-digit price targets from Seaport Global, Needham, B. Riley, and Wedbush, while UBS and Bank of America took more neutral stances.