Overview
- Oklo remains a pre-revenue company without an NRC-approved small modular reactor design, with initial units not expected online before late 2027 or early 2028.
- The stock surged more than 262% in 2025 as of Dec. 26, pushing market value above $12 billion despite the lack of current sales.
- ARK Investment bought 107,321 shares on Dec. 22 for over $8.9 million, and the company counts Sam Altman as a prominent backer.
- Analysts turned constructive in December: Seaport upgraded to Buy with a $150 target based on a 2032 EBITDA estimate of $1.59 billion, Needham initiated Buy at $135, and UBS raised its target to $95 with a Neutral rating.
- Oklo targets a July 2026 start for its INL pilot and highlights DOE-supported work as investors eye data center power needs, while rival NuScale already holds NRC approval and generates some revenue.