Oklo Stock (OKLO) Skyrockets 10% on Taking Major Step Toward First Nuclear Powerhouse

Oklo (OKLO), a clean-energy startup specializing in small modular reactors, skyrocketed 10% today as it moved one step closer to building its first Aurora nuclear powerhouse. The company recently completed crucial site characterization work, including borehole drilling, at Idaho National Laboratory, where the powerhouse will be located. This milestone represents a major step toward commercial nuclear power production.

Site Work Brings Oklo Closer to Commercial Power

In an announcement on May 13, 2025, Oklo highlighted that the drilling was a pivotal move toward its goal of constructing a modular nuclear plant. The company is known for its small reactors, which use nuclear waste as fuel and require refueling only once every decade. According to CEO Jacob DeWitte, this technology could provide a cleaner, more efficient alternative to traditional nuclear power plants, meeting increasing energy demands while reducing environmental impact.

Oklo’s site work also follows its finalized agreements with the U.S. Department of Energy and Idaho National Laboratory. These partnerships ensure Oklo meets necessary environmental regulations and allows the company to submit its findings to the U.S. Nuclear Regulatory Commission (NRC) for a combined license. Approval would authorize Oklo to move forward with constructing and operating its first nuclear powerhouse.

Oklo Faces Hurdle with Regulatory Setback but Progresses

Though the company faced setbacks in 2022 when its license application was denied due to insufficient technical details, DeWitte remains confident that Oklo is on track to generate commercial power by 2027. Recent strides include scaling the Aurora plant’s capacity from 50 to 75 megawatts. Oklo’s expansion into radioisotope production and partnerships, like its deal with RPower, are part of the company’s strategy to unlock new revenue opportunities.

Is OKLO a Good Stock to Buy?

Oklo’s progress has not gone unnoticed given that the company’s stock has surged by 195% over the past year. Despite its continued capital burn ahead of the plant’s commissioning, analysts are optimistic about Oklo’s growth trajectory and the role nuclear power will play in the clean energy future.

Based on TipRanks’ data, Oklo is currently rated as a Moderate Buy. The OKLO stock holds an average target price of $47.00, reflecting a 53.54% potential upside from its current price of $30.61. Analysts have set the highest price target at $58.00 and the lowest at $30.00.

Out of the six analysts who have rated Oklo, four recommend a Buy, two suggest a Hold, and none are advising a Sell. This positive outlook is supported by Oklo’s progress in developing its Aurora nuclear powerhouse, which could make a significant impact on the clean energy space. 

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