Latest news with #PatSchweiger
Yahoo
16 hours ago
- Business
- Yahoo
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
16 hours ago
- Business
- Yahoo
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
21-05-2025
- Business
- Yahoo
Why Oklo Inc. (OKLO) Surged Today
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 stocks that stole the show today. Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite. While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. In this article, we list the names of the top-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. Shares of Oklo rallied for a seventh consecutive day on Monday, adding 5.33 percent to close at $39.73 apiece as investors continued to load up on shares following its strong earnings performance in the first quarter. Last week, Oklo Inc. (NYSE:OKLO) reported trimming its net loss by 59.16 percent to $9.8 million from the $24.02 million registered in the same period last year, despite incurring a 142-percent jump in operating expenses, worth $17.9 million versus $7.37 million year-on-year. Further adding to the sentiment was the appointment of new chief technology officer, Pat Schweiger, who boasts decades of experience and expertise in power engineering. Prior to joining Oklo Inc. (NYSE:OKLO), Schweiger also served as chief engineer at SPARC at Commonwealth Fusion Systems and senior vice president and vice president for TerraPower. 'Pat's decades of experience and expertise in power engineering will be a tremendous asset to Oklo as we move toward the commercialization of our advanced nuclear technologies,' said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte. Overall, OKLO ranks 10th on our list of stocks that stole the show today. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about this . 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
20-05-2025
- Business
- Yahoo
Why Oklo Inc. (OKLO) Surged Today
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 stocks that stole the show today. Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite. While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. In this article, we list the names of the top-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. Shares of Oklo rallied for a seventh consecutive day on Monday, adding 5.33 percent to close at $39.73 apiece as investors continued to load up on shares following its strong earnings performance in the first quarter. Last week, Oklo Inc. (NYSE:OKLO) reported trimming its net loss by 59.16 percent to $9.8 million from the $24.02 million registered in the same period last year, despite incurring a 142-percent jump in operating expenses, worth $17.9 million versus $7.37 million year-on-year. Further adding to the sentiment was the appointment of new chief technology officer, Pat Schweiger, who boasts decades of experience and expertise in power engineering. Prior to joining Oklo Inc. (NYSE:OKLO), Schweiger also served as chief engineer at SPARC at Commonwealth Fusion Systems and senior vice president and vice president for TerraPower. 'Pat's decades of experience and expertise in power engineering will be a tremendous asset to Oklo as we move toward the commercialization of our advanced nuclear technologies,' said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte. Overall, OKLO ranks 10th on our list of stocks that stole the show today. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about this . 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
17-05-2025
- Business
- Yahoo
Why Oklo Stock Is Soaring This Week
Oklo reported its Q1 earnings, beating Wall Street's targets. The company maintained guidance and says it is still on track to launch its small-scale nuclear reactor no later than early 2028. The company adds a long-time industry leader as chief technology officer. 10 stocks we like better than Oklo › Shares of Oklo (NYSE: OKLO) are flying this week. Since trading halted last Friday, the nuclear power start-up's stock has surged 28.2% as of 2:33 p.m. ET. The impressive jump comes as the S&P 500 and Nasdaq-100 both had monster weeks, rising 4.3% and 6.2%, respectively. The company, which develops small modular reactors (SMRs), released better-than-expected first-quarter results this week as well as announcing it had hired a new key executive. Oklo reported a Q1 2025 loss of $0.07 per share, handily beating Wall Street's target of $0.10 per share. It's also a massive year-over-year improvement from the $4.79 per share loss it reported in Q1 2024. The company maintained its full-year guidance with CEO Jacob DeWitte saying he sees "strong momentum across both the industry and the political landscape" that is fueling the company's outlook. Along with maintaining guidance, the company reaffirmed it is on track to launch its first commercial SMR in late 2027 or early 2028. To that end, the company completed drilling at the site intended for its future Aurora reactor that will allow it to validate the site as safe and suitable for construction. Oklo announced this week that Pat Schweiger will serve as chief technology officer (CTO) for the company. Schweiger has more than 40 years of experience in the energy sector in engineering and leadership. DeWitte said of the appointment, "Pat's decades of experience and expertise in power engineering will be a tremendous asset to Oklo as we move toward the commercialization of our advanced nuclear technologies." Given its leadership and intimate ties to OpenAI, I think Oklo is one of the most promising SMR stocks and is a good pick for investors with patience and a higher risk tolerance. 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 $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 170% 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 12, 2025 Johnny Rice 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 Soaring This Week 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
