Oklo Shares Slip as UBS Maintains Neutral Rating After Meta Power Deal

Overview

• Oklo’s agreement with Meta advances a planned 1.2 gigawatt power campus in Pike County, Ohio, with Meta agreeing to prepay for power and fund development, and pre-construction targeted for 2026 with an initial phase possible by 2030.
• UBS analyst Jon Windham reaffirmed a Neutral rating on January 12 with a $95 price target, citing strategic value from the Meta pact but cautioning on early-stage execution and long timelines.
• UBS expects Oklo’s Aurora-INL effort to yield initial construction cost data for its reactors in 2026, a milestone investors are watching to gauge project economics.
• Oklo’s stock fell 9.84% from January 9 to January 16 after an earlier jump of nearly 47% following the Meta announcement, reflecting renewed volatility.
• Oklo also announced a DOE-backed radioisotope pilot under the Reactor Pilot Program, as reports of a 20-year Ormat-Switch geothermal PPA highlighted emerging competition for data-center power.