BTIG analyst Gregory Lewis has maintained their neutral stance on OKLO stock, giving a Hold rating yesterday.
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Gregory Lewis has given his Hold rating due to a combination of factors related to Oklo Inc’s current position and future prospects. The company is making progress with its first Aurora power plant, having completed site characterization work, which is a positive step towards regulatory approval. However, the regulatory process is complex and time-consuming, and while the ADVANCE Act may reduce licensing costs, the timeline for approval and construction remains lengthy.
Additionally, Oklo’s reliance on HALEU fuel, which is currently only available from limited sources, poses a challenge for scaling up production. Although Oklo has secured a Memorandum of Understanding with Centrus for future fuel supply, the commercial HALEU supply chain is still under development. Furthermore, while Oklo’s involvement in defense projects could provide future opportunities, the overall deployment of commercial reactors is expected to be more prominent in the 2030s. These factors contribute to the Hold rating, as the company’s potential is balanced by the uncertainties and challenges it faces.
In another report released yesterday, Citi also maintained a Hold rating on the stock with a $30.00 price target.
OKLO’s price has also changed moderately for the past six months – from $23.080 to $32.030, which is a 38.78% increase.