Oklo’s (OKLO) stock is down 4% after the developer of nuclear reactors reported quarterly financial results that disappointed investors.
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The Silicon Valley-based company, which is not yet profitable, reported a loss per share of -$0.07, which was a little better than a loss of -$0.08 expected among analysts. However, Oklo did not generate any revenue during this year’s first quarter. Management said they expect to report their first revenues in early-to-mid 2026.
Despite not having any sales, Oklo’s cash burn remains on track and inline with management’s previous forecasts. The company ended the year’s first quarter with $261 million of cash on hand in marketable securities.
Oklo’s balance sheet. Source: Main Street Data
New CTO
Operational highlights in the quarter included completing a site drilling campaign at Idaho National Laboratory for Oklo’s first planned Aurora powerhouse nuclear facility. The company is aiming to begin plant operations there in late 2027.
Along with its latest financial results, Oklo announced the appointment of Pat Schweiger as its Chief Technology Officer (CTO). Schweiger has over 40 years of experience in the energy sector and is expected to bring “deep, hands-on experience” to Oklo, said the company.
OKLO stock has risen 50% this year.
Is OKLO Stock a Buy?
The stock of Oklo has a consensus Moderate Buy rating among six Wall Street analysts. That rating is based on four Buy and two Hold recommendations issued in the past three months. The average OKLO price target of $47 implies 46.74% upside from current levels. These ratings are likely to change after the company’s financial results.
