Latest news with #OKLO
Yahoo
a day ago
- Business
- Yahoo
Oklo reports wider loss in Q2 as expenses jump
-- Oklo reported Monday a wider loss than expected following a jump in expenses. Oklo Inc (NYSE:OKLO) reported fiscal Q2 loss of $0.18 a share, narrowing the the $0.27 a loss per share in the same period a year ago. Analysts expected a loss of about $0.12 per share. The loss was driven by feel associated with the capital raise and an $11.4M of non-cash stock-based compensation expense, the company said. Operating expenses jumped to $28M, up from $17.8M a year earlier. Related articles Oklo reports wider loss in Q2 as expenses jump Surge of 50% since our AI selection, this chip giant still has great potential 7 Undervalued Stocks on the Rise With 50%+ Upside Potential
Business Wire
a day ago
- Business
- Business Wire
Oklo and Lightbridge to Evaluate Additional Co-Location Opportunities for Manufacturing Advanced Fuels from Legacy Materials
BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, and Lightbridge Corporation (NASDAQ: LTBR), a leading developer of advanced nuclear fuel, today announced a strategic collaboration to explore the potential co-location of a Lightbridge fuel fabrication facility within Oklo's planned advanced fuel manufacturing facility. This work is under a memorandum of understanding (MOU) that was signed earlier this year. Oklo and Lightbridge are jointly assessing the feasibility of commercial-scale fuel fabrication within Oklo's planned fuel manufacturing infrastructure. Consistent with the objectives of the MOU, this initiative aims to accelerate the commercialization of advanced nuclear fuels through joint fuel fabrication and research and development, including manufacturing fuel using repurposed plutonium from legacy materials. This announcement follows a series of executive orders issued by the White House in May 2025 that prioritize the acceleration of U.S. nuclear energy deployment. Among the directives was a call for the Secretary of Energy to establish a program to process surplus plutonium and make it available for advanced reactor fuel. The proposed co-located facility would support the production of advanced fuels for both fast reactors and light water reactors, reinforcing both companies' commitment to U.S. leadership in advanced nuclear fuel manufacturing and recycling. The collaboration underscores a shared vision for strengthening domestic energy security, supporting advanced reactor deployment, improving the performance of existing light water reactors, and enhancing the resilience of the nuclear fuel supply chain. 'We're building the infrastructure to help fuel new nuclear development and deployment,' said Jacob DeWitte, Co-Founder and CEO of Oklo. 'This collaboration supports our efforts to bolster near- and mid-term advanced reactor fuel supplies with legacy materials such as down-blended uranium and repurposed plutonium. It directly aligns with strong federal direction supporting domestic fuel independence.' In addition to commercial fuel production, the co-located site would serve as a joint R&D hub for advanced fuel development. These capabilities align with emerging federal policy and represent a critical step toward building a robust commercial supply chain for next-generation nuclear technologies. 'This joint effort reflects a shared vision for a modern nuclear fuel cycle—one that supports both existing and advanced reactors and strengthens America's energy resilience,' said Seth Grae, President and CEO of Lightbridge Corporation. 'Together, we're working toward a new era of U.S.-led nuclear innovation.' About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale, establishing a domestic supply chain for critical radioisotopes, and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories. About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential for delivering abundant, zero-emission, clean energy and providing energy security to the world. Lightbridge is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light water reactors and pressurized heavy water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. Lightbridge is also developing Lightbridge Fuel for new small modular reactors (SMRs) to bring the same benefits plus load-following with renewables on a zero-carbon electric grid. Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance LLC, the United States Department of Energy's operating contractor for Idaho National Laboratory, the United States' lead nuclear energy research and development laboratory. DOE's Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. Lightbridge is participating in two university-led studies through the DOE Nuclear Energy University Program at Massachusetts Institute of Technology and Texas A&M University. An extensive worldwide patent portfolio backs Lightbridge's innovative fuel technology. Lightbridge is included in the Russell Microcap® Index. For more information, please visit Lightbridge is on X (formerly Twitter). Sign up to follow @LightbridgeCorp at Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; risks related to the availability of fuel, including high-assay low-enriched uranium ('HALEU'), plutonium, and recycled fuels; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Forbes
16-07-2025
- Business
- Forbes
What's Behind Oklo's Stock Spike?
CHONGQING, CHINA - MAY 11: In this photo illustration, the logo of Oklo Inc. is displayed on a ... More smartphone screen, with the company's latest stock market chart in the background, reflecting investor sentiment and recent trading activity, on May 11, 2025, in Chongqing, China. (Photo illustration by) If you're curious about why Oklo's stock (NYSE:OKLO) has experienced such a significant increase recently, you're not the only one. It has been quite a journey—driven by government contracts, nuclear excitement, and, of course, a sizable stock offering. Let's simplify the situation. Oklo surged—climbing nearly 30% at one stage—after the company revealed that it had been chosen by the U.S. Air Force to construct a small nuclear reactor at Eielson Air Force Base in Alaska. This isn't just any initiative. It serves as a considerable credibility boost for a firm attempting to demonstrate that small modular reactors (SMRs) can deliver clean, dependable energy for remote or high-demand locations. While OKLO stock has been unstable, if you are looking for potential upside with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative – having outperformed the S&P 500 and achieved returns exceeding 91% since it was established. This agreement effectively indicates: 'Hey, the government has faith in Oklo's technology.' That's invaluable for a small-cap nuclear pioneer. However, just when investors were filled with optimism, Oklo also released some less exciting news—it is issuing $400 million in new shares. This means dilution. In layman's terms, your portion of the Oklo pie has just become a bit smaller. This often dampens enthusiasm, and indeed, the stock relinquished some of its gains in after-hours trading. Still ahead, but with a touch of realism. Separately, can oil contribute to peace? Take a look at – Trump's Russia Math, Simplified. Oklo only began public trading this year, and it has already attracted attention—partly because it seeks to achieve something groundbreaking: replacing diesel generators with clean, compact nuclear energy. Nonetheless, not all the scrutiny has been positive. A prior attempt to obtain a license for its reactor design was denied by U.S. regulators in 2022. Oklo states that it is focusing on a new application, but that uncertainty has made some investors wary. So, what lies ahead for Oklo? The key factors to monitor now are whether it can successfully reapply for NRC approval, whether the Air Force deal will serve as a model for other military or governmental locations, and finally, how wisely it will utilize the $400 million? Oklo's stock rose based on substantial news—government trust in its technology. However, the subsequent stock sale reminded everyone that this is still a high-stakes, high-reward venture. Nuclear aspirations are heating up—but Oklo must still navigate significant challenges. Not too pleased about the erratic nature of OKLO stock? The Trefis High Quality (HQ) Portfolio, consisting of 30 stocks, has a history of comfortably outperforming the S&P 500 over the past 4 years. What is the reason for that? As a collection, HQ Portfolio stocks offered superior returns with less risk compared to the benchmark index; a more stable experience, as evidenced in HQ Portfolio performance metrics.
Business Wire
15-07-2025
- Business
- Business Wire
Oklo Selects Kiewit as the Lead Constructor for First Aurora Powerhouse in Idaho
SANTA CLARA, Calif.--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that it has selected Kiewit Nuclear Solutions Co. as the lead constructor for its first commercial Aurora powerhouse in Idaho, at Idaho National Laboratory (INL). Under a newly executed Master Services Agreement, Kiewit Nuclear Solutions Co. (Kiewit), a subsidiary of Kiewit Corporation, one of North America's largest construction and engineering organizations, will begin to support the design, procurement, and construction of the Aurora-INL, with pre-construction expected to begin in 2025 and commercial operations targeted for late 2027 to early 2028. The Aurora-INL represents a major milestone in Oklo's near-term commercialization strategy to deliver clean, reliable, and affordable energy using proven, advanced nuclear technology. Oklo selected Kiewit through a competitive process that evaluated both technical capabilities and construction expertise. Because a significant portion of the Aurora powerhouse's construction scope is non-nuclear, Oklo can leverage Kiewit's extensive experience in delivering large-scale industrial and infrastructure projects. This approach is designed to accelerate delivery timelines, reduce costs, and uphold standards of safety and quality, underscoring Oklo's commitment to the efficient, pragmatic deployment of advanced nuclear technology. 'We've completed key pre-construction milestones, including site characterization work in Idaho, in partnership with the U.S. Department of Energy and Idaho National Laboratory,' said Jacob DeWitte, Co-Founder and CEO of Oklo. 'Kiewit brings the execution strength and project delivery experience that are essential as we move into this next phase. This is a critical step in helping us build efficiently and deliver clean energy on a meaningful timeline. Advanced reactors will largely be able to be constructed differently than legacy plants, and a key pathway to realizing the economic benefits associated with that is to modernize how we design, procure, and build these plants.' Oklo is uniquely positioned to deploy advanced nuclear technology in the near term, with a U.S. Department of Energy-approved site, secured fuel, and demonstrated regulatory progress that support its ability to advance toward commercial operation. 'We're excited to support Oklo in delivering one of the nation's first commercial advanced nuclear projects,' said Mike Rinehart, president of Kiewit Nuclear Solutions Co. 'As a leading design engineering, procurement, and construction partner with decades of experience in complex energy infrastructure, Kiewit is well positioned to help bring Oklo's innovative vision to life. This partnership reflects our shared commitment to advancing clean energy solutions through disciplined execution, safety, and delivery certainty.' The Aurora-INL is a key part of Oklo's broader deployment pipeline, which includes agreements to supply over 14 GW of clean energy to commercial customers and U.S. government partners. About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and National Laboratories. About Kiewit: Kiewit is one of North America's largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, Mexico and Guam. Kiewit offers construction and engineering services in a variety of markets including power;transportation; water; oil, gas and chemical; marine; building; industrial and mining. Kiewit had 2024 revenues of $16.8 billion and employs 31,800 staff and craft employees. Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the DOE's Voucher Program, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; the risk that the DOE's Voucher Program fails to produce the expected benefits; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Yahoo
01-07-2025
- Business
- Yahoo
Oklo Just Announced a New Nuclear Fuel Deal. Is OKLO Stock a Buy Here?
Last week, Oklo (OKLO) announced a strategic partnership with Hexium and TerraPower to develop domestic High-Assay Low-Enriched Uranium (HALEU) production, addressing a critical shortage for advanced nuclear reactors. The collaboration will evaluate laser isotope separation technology that could revolutionize uranium enrichment. Investors are optimistic about Oklo's widening nuclear capabilities given the shift toward nuclear energy over the next two decades. The Department of Energy estimates that demand for HALEU will hit 40 metric tons by the early 2030s, whereas only 700 kilograms have been produced domestically since 2023. This massive supply-demand imbalance represents a market opportunity. Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now? Elon Musk's Tesla Makes History With 'First Time That a Car Has Delivered Itself to Its Owner' This Defense Stock Could Be the Next Palantir. Should You Buy It Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. OKLO stock has surged more than 500% in the last 12 months, valuing the company at a market cap of $7.7 billion. Let's see if OKLO stock is still a good buy right now. Oklo is working to develop advanced fission power plants to provide clean, reliable, and affordable energy at scale. It also is aiming to commercialize nuclear fuel recycling technology that could convert nuclear waste into usable fuel for its reactors. Oklo reported significant operational progress during its first-quarter earnings call, positioning the nuclear technology company to capitalize on growing government support and surging AI-driven energy demand. It completed crucial site preparation work at Idaho National Laboratory, wrapping up drilling and geophysical studies that will support its combined license application to the Nuclear Regulatory Commission. This represents the final technical siting step before submitting Phase 1 of its application for the Aurora powerhouse, with commercial operations targeted for late 2027 to early 2028. The regulatory environment appears favorable, with the current administration under President Donald Trump prioritizing nuclear energy through multiple executive orders. Potential future orders could quadruple the U.S. nuclear fleet by 2050 and establish data centers as defense-critical infrastructure, directly benefiting Oklo's mission. Oklo reported a first quarter operating loss of $17.9 million, with cash and marketable securities totaling $260.7 million. Management indicated potential capital needs due to expanded reactor designs and growing customer demand, although it emphasized that any fundraising would be strategic rather than reactive. With over 14 gigawatts in its customer pipeline spanning data centers and defense applications, Oklo appears well-positioned as nuclear energy gains unprecedented federal backing. Oklo is still pre-revenue and is forecast to increase sales from $13.33 million in 2027 to $94 million in 2029. Out of the nine analysts covering OKLO stock, five recommend 'Strong Buy,' one recommends 'Moderate Buy,' and three recommend 'Hold.' The average target price for OKLO stock is $60, 7.7% above the current price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
