Latest news with #AdvancedNuclearPowerforInstallations
Yahoo
3 days ago
- Business
- Yahoo
Oklo Stock Surges After Defense Department Contract Award
Oklo is starting to develop a real knack for catching short sellers offsides... In what is one of what we believe will be many similar announcements, Oklo shares surged 29% on Wednesday after the company was named the intended awardee for a Department of Defense project to deliver clean energy to Eielson Air Force Base in Alaska. The Defense Logistics Agency Energy issued a Notice of Intent to Award (NOITA), designating Oklo as the preferred provider following a competitive evaluation process. Under the proposed agreement, Oklo will design, build, own, and operate an Aurora powerhouse—a microreactor that provides both electricity and heat—at the remote military base. The project is part of the Department of the Air Force's microreactor pilot aimed at improving energy resilience and reliability at national security facilities. The Aurora reactor uses fast reactor technology and is designed to operate independently from the grid, which is critical for remote sites like Eielson. CEO Jacob DeWitte said the NOITA demonstrates continued confidence in Oklo's ability to deliver reliable energy solutions for mission-critical infrastructure. The deal represents a major step forward in commercializing Oklo's technology and highlights growing federal support for next-generation nuclear systems. Investor response was swift, with the stock seeing its biggest one-day gain since the company went public, driven by optimism about Oklo's ability to secure long-term revenue through government-backed deployments. Recall, as we noted back in May, Oklo is positioning itself for a potentially favorable regulatory environment. The company is in a pre-application readiness process with the NRC and plans to submit a formal license for its expanded 75-MW design by Q4 2025. It's targeting late 2027 or early 2028 for initial operations at its Idaho National Laboratory site. Oklo is one of eight companies eligible for the Pentagon's Advanced Nuclear Power for Installations program and is investing in fuel recycling capabilities. The company also holds about 14 GW of nonbinding agreements with data centers and industrial users. The recent departure of Sam Altman from the board, due to a potential conflict of interest with OpenAI, clears the way for future commercial partnerships. Oklo maintains close ties to the Department of Defense, primarily through CEO Jacob DeWitte, who has participated in high-level government events related to nuclear policy alongside defense officials. The company's board has also included retired Lieutenant General John Jansen, further reflecting its alignment with national security interests as it pursues military microreactor deployments. Short sellers had targeted Oklo earlier this year, citing it as an overvalued "story stock" with no regulatory-approved design, no current revenue, and underestimated timelines and costs—labeling the company's projections 'beyond optimistic' and estimating it needs billions in additional capital. Oklo has used the surge in its stock price to raise hundreds of millions in additional capital. This could easily give the company the better part of a decade in cash to operate at its current burn rate. Meanwhile, about 12–15 million shares are still currently short—roughly 10–12% of the float. By More Top Reads From this article on
Yahoo
5 days ago
- Business
- Yahoo
Why Oklo Stock Is Powering Higher Today
Oklo is a nuclear energy upstart developing small modular reactors. Seaport Research upgraded Oklo stock to buy from neutral. The company is still in the pre-revenue phase of its development, making it a more speculative investment. 10 stocks we like better than Oklo › Bouncing back from the 4.6% decline that they suffered during the first week of June, shares of Oklo (NYSE: OKLO) are off to an auspicious start this week. After learning of an analyst's positive outlook on the nuclear power upstart, investors clearly felt motivated to click the buy button on shares of the company developing small modular reactors. As of 3:17 p.m. ET, shares of Oklo are up 6.4%. Upgrading it to buy from neutral, Seaport Research assigned a $71 price target on Oklo stock, according to The Fly. Based on Oklo's closing price of $50.29 on Friday, Seaport's price target implies upside of more than 41%. Seaport's more bullish opinion on Oklo is predicated on the fact that the company is now eligible for awards from the Defense Innovation Unit's Advanced Nuclear Power for Installations program, an encouraging sign that the company is more likely to win necessary approvals from the Nuclear Regulatory Commission. Oklo is developing small modular reactors that represent cleaner and more efficient nuclear energy solutions than traditional nuclear power plants. While Seaport Research sees an ample amount of upside to Oklo stock, investors should remember that the company is still not generating revenue. Sure, the company's technology is intriguing, and the fact that OpenAI founder Sam Altman was at the helm of Oklo as CEO from July 2021 to May 2024 is encouraging, but there's still a significant amount of risk tied to the stock. At this point, therefore, only those with significant risk tolerances should weigh a position in Oklo stock, while those who are committed to nuclear energy exposure but looking to mitigate risk will want to consider a more established company. Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Oklo Stock Is Powering Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
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.
Yahoo
6 days ago
- Business
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Oklo Rallies on Seaport Buy Upgrade
Oklo (NYSE:OKLO) jumps 4.8% after Seaport Global upgraded the nuclear tech developer to Buy, citing strong project milestones and leadership enhancements. Seaport's Jeff Campbell set a $71 price target, arguing that Oklo's progress at the Idaho National Laboratory site and new CTO hire Pat Schweiger make it a standout in advanced nuclear. Warning! GuruFocus has detected 2 Warning Sign with OKLO. Oklo has wrapped up its drilling campaign at INL with a memorandum of agreement and an interface agreement with the Department of Energy, while also kicking off the NRC's Phase 1 combined license pre-application readiness assessment. The company has submitted a licensed operator topical report and is gearing up to file its licensing project plan for the Oklo Fuel Foundry, signaling management's confidence in regulatory momentum. Campbell flagged fuel availability as the key variable driving Oklo's upside, and noted the firm's eligibility for Defense Innovation Unit awards under the Advanced Nuclear Power for Installations programproof that Oklo has cleared technical gates and is vying to deploy its 15 MW Aurora microreactor at military bases. The upgrade comes after OKLO's stock surged 148% year-to-date, suggesting that fresh Buy-side conviction could fuel a second wave of gains. Why It Matters: As nuclear microreactors gain traction for remote power and defense use cases, Oklo's regulatory headway and DoE partnerships position it to capitalize on a growing demand for clean, resilient energy. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
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Oklo Rallies on Seaport Buy Upgrade
Oklo (NYSE:OKLO) jumps 4.8% after Seaport Global upgraded the nuclear tech developer to Buy, citing strong project milestones and leadership enhancements. Seaport's Jeff Campbell set a $71 price target, arguing that Oklo's progress at the Idaho National Laboratory site and new CTO hire Pat Schweiger make it a standout in advanced nuclear. Warning! GuruFocus has detected 2 Warning Sign with OKLO. Oklo has wrapped up its drilling campaign at INL with a memorandum of agreement and an interface agreement with the Department of Energy, while also kicking off the NRC's Phase 1 combined license pre-application readiness assessment. The company has submitted a licensed operator topical report and is gearing up to file its licensing project plan for the Oklo Fuel Foundry, signaling management's confidence in regulatory momentum. Campbell flagged fuel availability as the key variable driving Oklo's upside, and noted the firm's eligibility for Defense Innovation Unit awards under the Advanced Nuclear Power for Installations programproof that Oklo has cleared technical gates and is vying to deploy its 15 MW Aurora microreactor at military bases. The upgrade comes after OKLO's stock surged 148% year-to-date, suggesting that fresh Buy-side conviction could fuel a second wave of gains. Why It Matters: As nuclear microreactors gain traction for remote power and defense use cases, Oklo's regulatory headway and DoE partnerships position it to capitalize on a growing demand for clean, resilient energy. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
