Shares in small modular reactor (SMR) producers Oklo (OKLO) and NuScale Power (SMR) jumped by over 8% and about 6%, respectively, on Monday afternoon. This is even though analysts are treading gently in their approach to the stocks.
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Oklo’s shares jumped even as JPMorgan’s five-star analyst Jeremy Tonet kicked off coverage of the stock with a Hold rating and a price target of $83 that implies only roughly 6% upside in the months ahead.
Tonet noted that SMR producers stand to benefit from the need for clean, baseload power, as the elevated demand for electricity from data centers is creating an industry “paradigm shift.” However, the analyst noted that he prefers to stay on the sidelines on Oklo’s stock until the nuclear startup shows more evidence of how it will execute the successful commercialization of its plants.
The analyst’s comment marks a sharp departure from that of Tigress’ analyst Ivan Feinseth, who recently began coverage of OKLO with a Buy rating and a price target of $130, suggesting about 66% upside in the months ahead. Feinseth noted that the policy of the U.S. government on nuclear energy “is increasingly aligned with Oklo’s growth ambitions.”
Oklo broke ground on its Aurora reactor plant in Idaho in September and has a late-2027 target for delivery.
Why Northland Reined In Its NuScale Power Target
Meanwhile, Northland analyst Jeff Grampp trimmed his price target on NuScale Power from $21 to $19, implying about 41% upside ahead. He, however, maintained his Buy rating on SMR.
Grampp cited share dilution from NuScale Power selling its new shares into the open market for the target cut. He also noted that the firm provided no significant update from its Q1 2026 earnings, although the management team remains hopeful of finalizing a deal on the company’s six-gigawatt contract with the Tennessee Valley Authority.
Which Nuclear Stock Is the Better Buy?
TipRanks’ Stock Comparison tool shows that Nano Nuclear Energy (NNE) continues to lead with the biggest upside of about 67%. This is based on an average price target of $47.50 that comes with a Moderate Buy consensus rating from analysts.
