Latest news with #OkloInc
Yahoo
7 days ago
- Business
- Yahoo
Oklo shares jump 6% as nuclear sector rallies on Meta deal
-- Shares of companies in the nuclear sector, including Oklo Inc. (NASDAQ:OKLO), NuScale Power (NYSE:SMR), NANO Nuclear (NYSE:NNE), Vistra (NYSE:VST), Energy Fuels (NYSE:UUUU), Cameco (NYSE:CCJ), Uranium Energy (NYSE:UEC), Centrus Energy (NYSE:LEU), and Constellation (NASDAQ:CEG), saw significant gains in today's trading session. Oklo Inc. rose 6%, NuScale Power increased by 7%, NANO Nuclear also climbed 7%, Vistra grew 6.5%, Energy Fuels surged 9.5%, Cameco was up 4.4%, Uranium Energy soared 9%, Centrus Energy advanced 6.5%, and Constellation skyrocketed 14%. The upward movement in these stocks follows the announcement of a landmark 20-year power purchase agreement (PPA) between Constellation Energy Group, Inc. and Meta (NASDAQ:META), formerly known as Facebook, to provide the tech giant with clean, reliable nuclear energy from the Clinton Clean Energy Center in Illinois. This deal is anticipated to support the relicensing and continued operation of Constellation's Clinton nuclear facility beyond the expiration of the state's ratepayer-funded zero emission credit (ZEC) program in mid-2027. The agreement, which will commence in June of 2027, is set to expand Clinton's clean energy output by 30 megawatts through plant upgrades. It is expected to preserve 1,100 high-paying local jobs, contribute $13.5 million in annual tax revenue, and add $1 million in charitable giving to local nonprofits over five years. Constellation's CEO, Joe Dominguez, highlighted the importance of the partnership with Meta, emphasizing the impact of maintaining and expanding existing plants rather than solely focusing on new energy sources. Urvi Parekh, Head of Global Energy at Meta, expressed enthusiasm for the partnership, which aligns with Meta's commitment to match 100% of its electricity use with clean and renewable energy. The agreement not only solidifies the operations of the Clinton plant but also paves the way for potential development of advanced nuclear reactors or small modular reactors at the site. Increased charitable contributions to the Clinton community are also part of Constellation's commitment, with investments starting in 2026. The announcement has been met with positive reactions from Illinois policymakers and stakeholders, who recognize the benefits of the partnership for local economic development and job preservation without increasing taxpayer burden. Today's stock movement in the nuclear sector reflects investor optimism following the announcement of the Constellation-Meta deal, underscoring the growing interest in nuclear energy as a clean and reliable power source. Related articles Oklo shares jump 6% as nuclear sector rallies on Meta deal Warren Buffett's Berkshire target cut at UBS on lower investment income German auto industry risks production halts over Chinese rare earth export restric
Yahoo
30-05-2025
- 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
Yahoo
28-05-2025
- Business
- Yahoo
William Blair Initiates Coverage of Oklo (OKLO) Stock with Outperform Rating
On May 28, William Blair analyst Jed Dorsheimer initiated coverage on Oklo Inc. (NYSE:OKLO)'s stock with an 'Outperform' rating without a price target. A wind turbine in a rural landscape, highlighting the companies commitment to clean energy. The analyst highlighted the company's unique build, own, and operate strategy for Generation IV SMR (small modular reactor). The strategy is being viewed as a differentiator in the broader nuclear sector as it expedites regulatory approval processes and enhances the economics of each unit with the help of securing power purchasing agreements, capitalizing on the demand for clean and stable electricity. The analyst's outlook on the future of SMRs remains favourable, anticipating that they are expected to become strong contributors to the nuclear industry's growth. Notably, the positioning and market strategy support the firm's confidence in Oklo Inc. (NYSE:OKLO)'s potential for broad-based market adoption. The optimism from William Blair exhibits a belief in the company's capacity to lead in the nuclear renaissance, using its technology and business model in a bid to address the increased demand for clean energy solutions. Oklo Inc. (NYSE:OKLO)'s scalable technology remains well-suited for customers throughout a range of segments, such as data centers, as demonstrated by a 14 GW demand pipeline. Oklo Inc. (NYSE:OKLO) is engaged in developing advanced fission power plants to offer clean, reliable, and affordable energy. While we acknowledge the potential of OKLO to grow, 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
28-05-2025
- Business
- Yahoo
William Blair Initiates Coverage of Oklo (OKLO) Stock with Outperform Rating
On May 28, William Blair analyst Jed Dorsheimer initiated coverage on Oklo Inc. (NYSE:OKLO)'s stock with an 'Outperform' rating without a price target. A wind turbine in a rural landscape, highlighting the companies commitment to clean energy. The analyst highlighted the company's unique build, own, and operate strategy for Generation IV SMR (small modular reactor). The strategy is being viewed as a differentiator in the broader nuclear sector as it expedites regulatory approval processes and enhances the economics of each unit with the help of securing power purchasing agreements, capitalizing on the demand for clean and stable electricity. The analyst's outlook on the future of SMRs remains favourable, anticipating that they are expected to become strong contributors to the nuclear industry's growth. Notably, the positioning and market strategy support the firm's confidence in Oklo Inc. (NYSE:OKLO)'s potential for broad-based market adoption. The optimism from William Blair exhibits a belief in the company's capacity to lead in the nuclear renaissance, using its technology and business model in a bid to address the increased demand for clean energy solutions. Oklo Inc. (NYSE:OKLO)'s scalable technology remains well-suited for customers throughout a range of segments, such as data centers, as demonstrated by a 14 GW demand pipeline. Oklo Inc. (NYSE:OKLO) is engaged in developing advanced fission power plants to offer clean, reliable, and affordable energy. While we acknowledge the potential of OKLO to grow, 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
Here is Why Oklo (OKLO) Surged Today
The share price of Oklo Inc. (NYSE:OKLO) surged by 23.04% on May 23, 2025. Let's shed some light on the development. Marcin Balcerzak/ Backed by OpenAI's Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. Oklo Inc. (NYSE:OKLO) rallied on Friday after President Trump signed an executive order to boost America's nuclear energy industry by streamlining the construction of new reactors and ensuring the domestic mining and enrichment of uranium. Aimed to ensure the country's energy security, the strategic move will help meet America's rising electricity demand, which is expected to surge to record levels in 2025 and 2026 amid an increased demand from data centers powering the ongoing AI boom. The order pays special attention to small modular reactors as they are relatively more affordable, versatile, and quicker to build. This presents a significant opportunity for players like Oklo Inc. (NYSE:OKLO), as the company's Aurora Powerhouse, capable of holding up to 75 megawatts, is well-suited to meet the needs of large-scale data operators without the necessity for design alterations. Moreover, Oklo's unique business model, which involves selling power directly to consumers under long-term contracts, puts it in a strong position to generate sustained, recurring revenue and mitigate the usual challenges in nuclear project development. While we acknowledge the potential of OKLO to grow, 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: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
