Nuclear startup Oklo (OKLO) has not turned a profit yet as it looks to deliver its first nuclear power plant by 2028. However, since the start of this year, its shares have soared by over 227%.
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The stock has also blasted off by 1096.56% over the last 12 months. As of Friday afternoon, the stock also edged up by 0.40%, hitting $69.89 as of 1:58 p.m. EDT.
Oklo designs compact fast reactors—mini power plants that use fast-moving neutrons to trigger nuclear fission, unlike traditional reactors that slow them down. Its main offering is the Aurora nuclear reactor, and its goal is to provide clean, safe, and affordable energy.
Federal Support and AI Growth Ignite Nuclear Sector
Strong government support has been critical to the nuclear industry as the U.S. looks to establish its dominance in the nuclear energy race. Another important factor has been the growing demand for energy among technology firms seeking to build more data centers to power the artificial intelligence era.
Shares of NuScale (SMR), a producer of small modular reactors that can generate up to a third of the electricity produced by traditional large nuclear plants, have also enjoyed a similar momentum over the last 12 months. The same can be said for Cameco (CCJ), the world’s largest publicly traded uranium miner.
Is Oklo in a ‘Strong Position’?
In its recent second-quarter 2025 results released last month, Oklo reported a net loss of $24.7 million. This followed a loss of $27.3 million from a year ago. However, CEO Jacob DeWitte believes that the company is in “a strong position” due to its “disciplined approach” to design and cost engineering.
The California-based startup is looking to commence commercial operations between late 2027 and early 2028. This means that the road to profitability is a long way off. Yet, some analysts are bullish on OKLO stock, citing its plan to build and own its own nuclear reactor fleet.
Oklo has been ramping up its partnership portfolio, teaming up with top engineering firm Kiewit to build its first commercial Aurora microreactor in Idaho. It also recently secured a contract to supply power to a U.S. Air Force Base in Alaska.
Moreover, Oklo is working with onshore oilfield services firm Liberty Energy (LBRT) and data centers infrastructure provider Vertiv (VRT). The partnership with Liberty is targeted at building integrated power solutions for high-demand customers such as data centers and industrial facilities.
With Vertiv, on the other hand, the goal is to create energy-efficient power and cooling solutions tailored for hyperscale and shared or “co-location” data centers. These solutions are critical for AI and cloud computing.
Is OKLO a Good Stock to Buy?
On TipRanks, Oklo’s shares have a Moderate Buy consensus recommendation based on eight Buy, four Hold, and one Sell ratings by 13 Wall Street analysts. The average OKLO price target over the last three months is $72.60, which indicates a possible 3.88% upswing from its current price.
