Latest news with #KoreaHydro
Globe and Mail
4 days ago
- Business
- Globe and Mail
Why Oklo Stock Bumped Higher This Week
The American nuclear industry was the focus of much attention this week, and as a result, there was significant action in Oklo (NYSE: OKLO) stock. The reactor developer's shares notched a more than 5% gain over the week, according to data compiled by S&P Global Market Intelligence. Trump goes nuclear This week's momentum behind Oklo and other nuclear stocks was stirred by none other than President Trump, when he signed an executive order (EO) last Friday aimed at supporting the industry. Among other measures, the EO allows for the testing of reactors at Department of Energy laboratories, and construction of nuclear power facilities on public land. "We are restoring a strong American nuclear industrial base, rebuilding a secure and sovereign domestic nuclear fuel supply chain, and leading the world toward a future fueled by American nuclear energy," the White House quoted Trump as saying. Oklo also received a boost from outside our borders; on Tuesday, the company announced it signed a memorandum of understanding (MoU) for a project in Asia. Under its terms, the American company and peer Korea Hydro & Power will collaborate on developing an Oklo facility in Idaho. Additionally, the two are to cooperate on various aspects of early-stage projects. Part of a powerful trio Finally, Oklo received something of a stamp of approval from an industry analyst. Jed Dorsheimer of William Blair initiated coverage of a small clutch of nuclear stocks, specifically Oklo, BWX Technologies, and Centrus Energy. The pundit tagged all three as buys; according to reports, he was particularly taken with Oklo's vertically integrated business model. Should you invest $1,000 in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
7 days ago
- Business
- Yahoo
Why Cameco, Oklo, and NuScale Power Stocks All Popped Today
President Trump wants to promote nuclear power use in the U.S. The president signed multiple executive orders Friday to facilitate uranium mining and enrichment and power plant construction. Valuations in the sector remain stubbornly high. 10 stocks we like better than Oklo › Nuclear stocks of all stripes hopped higher in unison on Tuesday. As of 10:40 a.m. ET, mini-nuclear-reactor start-up Oklo (NYSE: OKLO) is up 2%, while rival small modular reactor maker NuScale Power Corporation (NYSE: SMR) is doing even better, up 8.6%. Canadian uranium miner Cameco Corporation (NYSE: CCJ) stock is also up a solid 5.8%. You can thank investment banker Goldman Sachs for this in large part, and President Trump in the other part. On Friday, President Trump signed multiple executive orders aiming to accelerate the development of nuclear power plant construction and nuclear power adoption in the United States, as reports today. Commenting on the developments, Goldman Sachs highlighted two stocks in particular as benefiting from the series of executive orders, which cover everything from promoting domestic uranium mining and refinement to removing regulatory obstacles on nuclear power plant construction and the restarting of existing plants that have been idled. Those two stocks are Cameco and NuScale Power. As for Oklo stock, Goldman didn't highlight that one (but it's a pretty obvious corollary play on the Goldman note). Instead, Oklo is getting its own boost today after announcing that it has signed a memorandum of understanding with Korea Hydro & Nuclear Power whereby Oklo and Korea Hydro will jointly advance development and verification of Oklo's planned Aurora powerhouse at the same time that Korea Hydro develops its own "innovative domestic advanced nuclear technology, the i-SMR." Oklo already plans to run a 75 megawatt Aurora powerhouse at the Idaho National Laboratory site, and "intends to submit a formal Combined License Application (COLA) later this year" to the U.S. Nuclear Regulatory Commission. The company says it also has more than 14 gigawatts of nuclear power plants in its "growing order pipeline." The company has not yet received licenses to build these plants, however. Reading between the lines, Oklo's press release this morning leans "fluffy" to me, describing more of a continued research and development status for the start-up, albeit now in cooperation with a big player in the industry. It's relatively good news for the stock, as Korea Hydro boasts an $11 billion annual revenue stream (versus Oklo's annual revenue of zero), which can help support Oklo's R&D efforts as it works toward commercialization of its technology. But I wouldn't consider that, in and of itself, a reason to buy the stock. I'm more intrigued by Goldman Sachs' endorsement of NuScale Power, which regularly reminds investors that it boasts "the first and only SMR [small modular reactor] to have its design certified by the U.S. Nuclear Regulatory Commission." NuScale's own revenues are de minimis at present, with less than $50 million expected this year and no profits anticipated before 2030 at the earliest, making the stock still speculative in my book -- but at least it's ahead of Oklo in this race. Perhaps the closest thing we've got to an "investable" stock in this space is Cameco. Valued in excess of $26 billion, it's bigger than Oklo and NuScale combined, and it has a well-established business in mining and importing uranium for use as nuclear fuel. Annual revenue at Cameco approaches $2.4 billion, and the company is profitable, with $181 million earned over the last 12 months -- and a respectable $504 million in annual free cash flow. That still leaves even Cameco trading at a price-to-free cash flow ratio of more than 50, however. Is that justified if the U.S. ends up going full nuclear and converting much of its power generation to atomic power? I suppose it's possible, but I personally consider it a stretch. To be painfully blunt, at today's prices, I honestly don't see a lot of potential for profit for investors in this industry, and I'd suggest you look elsewhere for bargains. That is, unless you plan to base your investment strategy on irrational exuberance. 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% 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 May 19, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Cameco and NuScale Power. The Motley Fool has a disclosure policy. Why Cameco, Oklo, and NuScale Power Stocks All Popped Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
05-02-2025
- Business
- Yahoo
Korea Nuclear Plant Operator Blocks AI Services On Security Fear
(Bloomberg) -- Korea Hydro & Nuclear Power Co., South Korea's state-run operator of nuclear reactors, has blocked the use of all artificial intelligence services, including DeepSeek and ChatGPT, from its systems due to security concerns. State Farm Seeks Emergency California Rate Hike After Fires NYC's Newest Transit Leader Builds a Worker-Driven Strategy New York's First 'Passive House' School Is a Model of Downtown Density Transportation Memos Favor Places With Higher Birth and Marriage Rates When French Communists Went on a Brutalist Building Boom The restriction took effect from Feb. 1 as part of Korea Hydro's efforts to prevent leaks of sensitive data and personal information, a spokesperson for the company said in response to a query from Bloomberg. The Seoul Economic Daily had reported earlier on Wednesday that Korea Hydro was the first state company in the country to take action against DeepSeek. Bloomberg reported last week that companies and government agencies around the world have taken precautionary measures to limit access to DeepSeek due to concerns about data leaks to the Chinese government and weak privacy safeguards. The Chinese AI was developed by Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., and competes with the more-established ChatGPT service from OpenAI Inc. in the US. Amazon and SpaceX Want In on India's Satellite Internet Market Elon Musk Inside the Treasury Department Payment System Inside Elon Musk's Attack on the US Government The NFL's Flawed DEI Program Still Beats What Most Companies Are Doing The Internet Almost Killed Barnes & Noble, Then Saved It ©2025 Bloomberg L.P.
Bloomberg
05-02-2025
- Business
- Bloomberg
Korea Nuclear Plant Operator Blocks AI Services On Security Fear
Korea Hydro & Nuclear Power Co., South Korea's state-run operator of nuclear reactors, has blocked the use of all artificial intelligence services, including DeepSeek and ChatGPT, from its systems due to security concerns. The restriction took effect from Feb. 1 as part of Korea Hydro's efforts to prevent leaks of sensitive data and personal information, a spokesperson for the company said in response to a query from Bloomberg.
