Overview
- Oklo disclosed an equity distribution agreement to sell up to $1.5 billion of Class A stock at the market, and the shares fell in Thursday’s after-hours trading.
- Earlier this week the stock rallied after Nvidia’s Jensen Huang said the future of AI will be powered by small nuclear reactors, drawing fresh interest to Oklo.
- UBS raised its price target to $95 on Wednesday, helping drive sharp intraday swings that reflect widely split views on the stock.
- Company filings and earnings show larger net losses and recent insider share sales, with analysts not expecting profits before 2030.
- Oklo has no current revenue and is targeting pilot reactor criticality in July 2026, with Nuclear Regulatory Commission approvals still pivotal for commercialization.