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Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?

Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?

Economic Times4 days ago
Oklo's stock soared to a record high, fueled by regulatory progress for its Aurora powerhouse and a strategic partnership with Liberty Energy. This surge reflects strong investor confidence in Oklo's nuclear energy initiatives. With construction slated to begin in 2025, the company is poised to potentially revolutionize the energy sector, despite warnings of overvaluation.
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Key regulatory milestone achieved
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Oklo stock hit a record high of $73.71, up 12% in a day, pushing its market value to $10.79 billion. The stock has delivered a massive 769.68% gain in one year and is already up 215.45% in 2024 alone.Despite the hype, InvestingPro warns the stock looks overvalued right now, and it's also highly volatile. The latest rally reflects strong investor confidence in Oklo's strategic direction and future in nuclear energy, as per the Investing.com.Oklo cleared a key regulatory step for its Aurora powerhouse project at Idaho National Laboratory. The U.S. Nuclear Regulatory Commission found no major issues during its pre-application review — paving the way for a faster approval process, as per the reports.Oklo teamed up with Liberty Energy Inc. to develop integrated energy solutions, mixing natural gas and advanced nuclear tech. This partnership will offer ready-to-use power solutions to industries that need constant, reliable energy, as stated by Investing.com.Oklo picked Kiewit Nuclear Solutions Co. to lead construction of the Aurora plant. Pre-construction starts in 2025, and if things stay on track, commercial operations will begin in late 2027 or early 2028, as per the reports.Citi boosted its price target for Oklo stock to $68, up from $30. The upgrade was based on Oklo's larger reactor design, which analysts say could bring higher returns in the future, according to the report by Investing.com.Oklo's record-breaking stock surge, key regulatory wins, and big industry partnerships are fueling massive investor excitement. With construction lined up and a future-focused plan in place, many are asking — is this just the beginning for the nuclear energy disruptor?Oklo stock is rising due to strong investor interest, a key regulatory win, and new partnerships in nuclear energy.The Aurora powerhouse is Oklo's first commercial nuclear plant, set to begin operations by 2028 after clearing a major U.S. regulatory step.
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Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?
Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?

Economic Times

time4 days ago

  • Economic Times

Oklo stock rockets 12% to record $75 — is this just the beginning for the nuclear energy disruptor?

Oklo's stock soared to a record high, fueled by regulatory progress for its Aurora powerhouse and a strategic partnership with Liberty Energy. This surge reflects strong investor confidence in Oklo's nuclear energy initiatives. With construction slated to begin in 2025, the company is poised to potentially revolutionize the energy sector, despite warnings of overvaluation. Tired of too many ads? Remove Ads Key regulatory milestone achieved Big partnership news Tired of too many ads? Remove Ads Construction plans in motion FAQs Oklo stock hit a record high of $73.71, up 12% in a day, pushing its market value to $10.79 billion. The stock has delivered a massive 769.68% gain in one year and is already up 215.45% in 2024 the hype, InvestingPro warns the stock looks overvalued right now, and it's also highly volatile. The latest rally reflects strong investor confidence in Oklo's strategic direction and future in nuclear energy, as per the cleared a key regulatory step for its Aurora powerhouse project at Idaho National Laboratory. The U.S. Nuclear Regulatory Commission found no major issues during its pre-application review — paving the way for a faster approval process, as per the teamed up with Liberty Energy Inc. to develop integrated energy solutions, mixing natural gas and advanced nuclear tech. This partnership will offer ready-to-use power solutions to industries that need constant, reliable energy, as stated by picked Kiewit Nuclear Solutions Co. to lead construction of the Aurora plant. Pre-construction starts in 2025, and if things stay on track, commercial operations will begin in late 2027 or early 2028, as per the boosted its price target for Oklo stock to $68, up from $30. The upgrade was based on Oklo's larger reactor design, which analysts say could bring higher returns in the future, according to the report by record-breaking stock surge, key regulatory wins, and big industry partnerships are fueling massive investor excitement. With construction lined up and a future-focused plan in place, many are asking — is this just the beginning for the nuclear energy disruptor?Oklo stock is rising due to strong investor interest, a key regulatory win, and new partnerships in nuclear Aurora powerhouse is Oklo's first commercial nuclear plant, set to begin operations by 2028 after clearing a major U.S. regulatory step.

How Pixxel turns satellite data into ESG, Agri & Infra insights-with AI at the core
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Oklo stock surges 12% after game-changing deal with Liberty Energy - could this be the breakout investors wanted?
Oklo stock surges 12% after game-changing deal with Liberty Energy - could this be the breakout investors wanted?

Time of India

time5 days ago

  • Time of India

Oklo stock surges 12% after game-changing deal with Liberty Energy - could this be the breakout investors wanted?

Oklo Inc. stock surged 12% after the company announced a major new partnership with Liberty Energy Inc. Earlier in the day, the stock had already gone up by 3% during early trading. The two companies have formed a strategic alliance to offer full power solutions for businesses that need large amounts of energy, like data centers, factories, and utility companies. Two types of energy will work together The partnership will mix two energy sources — Liberty Energy's natural gas power systems and Oklo's advanced nuclear reactor technology. This setup aims to provide reliable energy now and clean, zero-emission nuclear energy in the future, according to the msn report. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Data Analytics Finance Data Science healthcare Product Management Technology Data Science Management others Artificial Intelligence MCA Others Project Management Cybersecurity CXO Degree Design Thinking Healthcare PGDM Public Policy Operations Management MBA Leadership Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details ALSO READ: Macron sues Candace Owens over shocking allegations that France's first lady was born male by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo In the first phase, Liberty will use its Forte natural gas system to handle immediate energy needs. This system also includes load management, helping control and optimize power usage. Later on, Oklo will add its Aurora compact nuclear reactors to deliver continuous, carbon-free baseload power. These reactors are known for their efficiency and clean energy output. The goal is to create a complete energy solution that includes power generation, backup energy, grid connection, and smart optimization — all provided by one team, as per the msn. Live Events What the CEOs said about the deal Jacob DeWitte, CEO of Oklo, said this deal gives big energy users a 'turnkey alternative' that helps them scale their power supply with confidence and move toward zero-emission energy. Ron Gusek, CEO of Liberty Energy, said the partnership "redefines how today's most energy-intensive industries can scale efficiently with cost-effective, next-generation power solutions', as per the report by msn. Liberty Energy had already invested $10 million in Oklo back in 2023. That investment laid the groundwork for this larger partnership. For now, Liberty will provide reliable base power and flexible services, while preparing for Oklo's clean nuclear tech to be added later. The long-term vision includes better energy management and strong grid stability. ALSO READ: GE Vernova stock soars 13% after surprising Q2 earnings beat — is the rally just starting? This partnership is seen as a big step for Oklo, offering investors a possible breakthrough moment, especially in the clean and advanced energy sector, according to the report by msn. FAQs Q1. What is the Oklo and Liberty Energy partnership about? Oklo and Liberty Energy are teaming up to provide a full power solution using natural gas and nuclear energy for big energy users like data centers and factories. Q2. Why did Oklo stock go up after the Liberty Energy deal? Oklo stock rose 12% after the deal was announced because investors see it as a big step toward clean and reliable energy growth.

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