Oklo (OKLO) Surges on Defense Microreactor Momentum
Oklo (OKLO, Financials) shares surged Monday after Seaport Research upgraded the company to Buy, citing momentum from its inclusion in a U.S. defense microreactor initiative.
Warning! GuruFocus has detected 2 Warning Sign with OKLO.
The Defense Innovation Unit selected Oklo for its Advanced Nuclear Power for Installations program, which could open the door to military contracts involving small-scale nuclear reactors. The news sent the stock up sharply, capping a week where shares have gained over 130% year to date.
Still, Oklo's fundamentals remain speculative. The company generates no revenue and continues to report net losses, leaving the stock vulnerable to sentiment swings despite recent bullish technical signals.
This article first appeared on GuruFocus.
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