Latest news with #Oklo
Yahoo
19 hours ago
- Business
- Yahoo
Oklo Inc. (OKLO) Is 'Getting Interesting,' Commentator Says
Oklo Inc. (NYSE:OKLO), a developer of small nuclear reactors, and its peers, "are getting interesting," said George Tsilis, Schwab Network's Senior Contributor, recently. President Donald Trump appears to be looking to boost the nuclear-power sector, while the space should benefit from increasing demand for electricity, said Tsilis. An engineer conducting tests in a laboratory, looking closely at the latest nuclear fuel technology. An economist who worked for CME Group in the past, Tsilis was also a financial advisor for BMO, a Canadian bank. The Trump administration is using executive orders to boost the nuclear sector and may roll out subsidies to help the space, the contributor said. Moreover, Oklo Inc. (NYSE:OKLO)'s off-grid technology "makes sense" because it allows developers to bypass red tape and charge a relatively high price for electricity, he stated. Generators of electricity that passes through the grid, on the other hand, have to obtain approvals from many government agencies, and their ability to raise prices is very limited, Tsilis noted. Oklo Inc. (NYSE:OKLO) can bypass some of these obstacles while meeting the increased demand for electricity being created by the proliferation of data centers, he said While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
21 hours ago
- Business
- Yahoo
Executive Orders Ignite U.S. Nuclear Push
Last Friday, the President signed four separate executive orders designed to accelerate nuclear energy development in the US. The first order directs the Department of Defense to deploy new reactor technologies at military installations. The second order, directed specifically at the Nuclear Regulatory Commission, mandated much tighter deadlines for new reactor approvals, demanded a review of current radiological exposure risks, and called for further agency staffing cuts. The third order directs the Department of Energy to test and approve no fewer than three new reactor designs by July 4, 2026. But the fourth of these EOs, where the real money is, 1) it called for the direct federal funding for uranium fuels (particularly HALEU), , 2) begin construction on at least ten new gigawatt scale reactors by the end of the decade, 3) and the development of reprocessing of spent nuclear fuel waste. In this context, the President garnered headlines when he called for an expansion of our existing nuclear power generation fleet to 400 gigawatts, roughly four times its present size, further stating 'We're not going to have cost overruns.' What's interesting to us is that virtually all of these initiatives were contained in the Biden administration's ADVANCE Act, signed in July of last year. This bipartisan bill contained many of the same elements as the President's recent EOs: regulatory acceleration of new reactor designs, a focus on microreactors, approval of two new reactor designs for military installations, encouraging the use of brownfield (i.e. coal) sites for new nuclear deployment, and the allocation of federal funds for actual uranium purchases related to HALEU and TRISO fuels—the former preferred by SMRs and the latter used in molten salt and HTGRs. The ADVANCE Act was an acknowledgement that our existing regulatory process has given short shrift to advanced reactor designs using different coolants and fuels and a new, emerging industry—one with considerable political clout—was demanding faster regulatory approvals. However, the only glaring difference between Trump's recent EO's and Biden's ADVANCE Act is that the recent EOs urged further big cuts in regulatory personnel, while demanding they do more on expedited timelines, while Biden's bill called for staffing increases to address new issues. So to us, an honest headline for this should read, 'Trump wholeheartedly embraces Biden's nuclear policy with a few personnel tweaks.'In signing these EOs, Trump was accompanied by the CEOs from Constellation Energy and Oklo Power. Constellation is one of the biggest nuclear power owner/operators in the US, while Oklo is developing a small, 75 mw liquid metal cooled breeder reactor. Stock prices of SMR developers like NuScale, Oklo, and others rallied sharply. In the past five days, shares of NuScale have gained about 55% while Oklo's shareholders were rewarded with 52% gains. The point here is that the administration is clearly indicating continued support for this industry and the equity markets responded. As to the magnitude of the response, we have no views. But despite all the SMR hoopla, there is only one gigawatt reactor design presently approved for the US, already built, and ready to go—the Westinghouse AP 1000 recently built by Southern Company, aka Plant Vogtle Units 3&4. However, as our readers know, Westinghouse is a subsidiary of a Canadian conglomerate. So it's a bit awkward. We conclude with two thoughts. First, the President, by picking a fight with his Canadian trading partner, may hinder his ability to rapidly accomplish a nuclear renaissance. And second, nuclear energy is evolving as a global industry and tariff uncertainty is also problematic. By Leonard Hyman and William Tilles for More Top Reads From this article on
Globe and Mail
a day 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
a day ago
- Business
- Yahoo
Why Oklo Inc. (OKLO) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks. Shares of Oklo rallied for a fourth consecutive day on Wednesday, adding 2.49 percent to close at $55.24 apiece as investors cheered its partnership with a Korean company for the deployment of its advanced nuclear technology. In a statement, Oklo Inc. (NYSE:OKLO) said it signed a memorandum of understanding with Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corporation, to explore opportunities aimed at jointly advancing the standard design development and verification of Aurora powerhouses, manufacturability and constructability assessments, major equipment planning, as well as supply chain development. Copyright: nexusplexus / 123RF Stock Photo The collaboration also supports Oklo Inc.'s (NYSE:OKLO) deployment of a 75-MWe Aurora powerhouse at the Idaho National Laboratory site, which is currently undergoing a licensing process. Additionally, Oklo Inc. (NYSE:OKLO) plans to file follow-on applications to support its growing order pipeline, which exceeds 14 GW. Overall, OKLO ranks 9th on our list of best-performing stocks. While we acknowledge the potential of OKLO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Fox News
a day ago
- Business
- Fox News
The Uncertainty of The Trump Tariff Strategy
This week, a tug-of-war over the Trump administration's sweeping tariffs imposed using the International Emergency Economic Powers Act of 1977. The Court of International Trade blocked President Trump's tariffs, arguing the act did not give the President unbounded tariff authority. The White House economic team is confident the administration will defeat this legal challenge, with an appeals court already ruling that these tariffs can remain in effect pending the appeal. FOX News Sunday anchor Shannon Bream joins the Rundown to highlight this legal challenge to the President's tariffs, Elon Musk's departure from the Trump administration, and investigations being launched into the Biden administration. President Trump wants a lot more nuclear power production in the United States, signing executive orders a week ago focused on quadrupling U.S. capacity within 25 years. Nuclear power has long been associated with high-profile disasters and fears of mishaps, but nuclear advocates say it actually is cleaner and safer than fossil fuels. Jacob DeWitte is the co-founder and CEO of nuclear technology company Oklo, and he was at the executive order signing. He joins the podcast to explain the strides made in making nuclear reactors safer and more efficient. Plus, commentary from FOX News Digital columnist David Marcus. Photo Credit: AP Learn more about your ad choices. Visit
