Oklo Shares Fall After Kerrisdale Capital's Critical Short Report

Kerrisdale Capital questions Oklo's economic viability, leading to a stock price drop.

Oklo Inc., backed by Sam Altman, saw its stock price decline after Kerrisdale Capital announced a short position.
Kerrisdale's report criticizes Oklo's timeline for deploying its first reactor by 2027, calling it overly optimistic.
The short seller alleges that Oklo's management lacks real-world commercialization experience and uses unrealistic fuel cost assumptions.
Oklo's stock had previously surged due to increased interest in nuclear energy and the appointment of a board member to a prominent government position.
Analysts are divided on Oklo, with some expressing skepticism about its unproven small modular reactor technology.