Overview
- The stock fell about 4% by midday Wednesday after a torrid rally tied to policy support for advanced nuclear and AI-driven power demand.
- Seaport Research downgraded Oklo to Neutral on Tuesday, citing a 15x 12‑month gain and a more than $20 billion valuation despite no revenue or profits.
- Wedbush this week raised its price target to $150 and kept an Outperform rating, pointing to U.S. policy tailwinds, a planned $1.68 billion fuel‑recycling facility in Tennessee, and potential U.K. expansion.
- Oklo held a groundbreaking for its first Aurora reactor at Idaho National Laboratory on Monday, with reporting describing a 75 MW sodium‑cooled fast reactor slated for completion in 2027–2028 under partner Kiewit.
- The company still lacks NRC approval for its design after a 2022 rejection, remains pre‑revenue with ongoing cash burn, and must secure licensing and fuel supply before converting MOUs into firm projects.