Overview

• Oklo said it is holding a groundbreaking today for its first Aurora powerhouse in Idaho with attendance from EPA chief Lee Zeldin, NRC chair Bradley Crowell, DOE officials, and Idaho and Utah governors.
• Wedbush’s Dan Ives raised his price target to $150, citing confidence in Oklo’s nuclear strategy and its pitch to power AI data centers.
• Shares have surged recently, including nearly 29% on Sept. 19, and are up about 518% year to date and 1,945% over the past year, according to Yahoo Finance.
• The company has not received NRC approval and has not built a commercially operable full-scale Aurora reactor, and it projects a 2025 cash burn of $65 million to $80 million with power-sales revenue likely years away.
• Sector sentiment was buoyed by a new U.S.–U.K. initiative to speed safety reviews for small reactors and recent executive actions from the White House backing advanced nuclear.