Overview
- Oklo shares dropped 9.06% on Wednesday to close at $75.94 after Jim Cramer advised selling the stock on Mad Money.
- Cramer said he would sell everything nuclear except GE Vernova and argued a U.S. nuclear revolution is not imminent.
- He also claimed Oklo tends to issue news releases that lift the stock whenever he recommends selling.
- Separately, Oklo announced issuance of a Preliminary Documented Safety Analysis for its planned fuel fabrication facility at Idaho National Laboratory.
- The PDSA is the second of three safety-basis documents required for authorization, with a final Documented Safety Analysis to be submitted during construction and updated after completion.