Overview
- An SEC filing shows Oklo can sell up to $1.5 billion of Class A shares through an at-the-market distribution agreement.
- Shares fell about 7.3% to $103.54 in extended trading after the disclosure, following a 15% regular-session jump tied to Nvidia’s CEO praising nuclear for AI power needs.
- Oklo remains pre-revenue with significant losses, and reporting indicates profits are not expected before 2030.
- UBS raised its price target to $95 this week, and Benzinga reports the average 12‑month Wall Street target is about $132 with a range of $95 to $175.
- TV host Jim Cramer told viewers to sell the stock, citing its speculative profile and more than 400% year‑to‑date rally.