William Blair analyst Jed Dorsheimer has reiterated their bullish stance on OKLO stock, giving a Buy rating on November 13.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Jed Dorsheimer’s rating is based on a combination of factors that highlight Oklo Inc’s strategic positioning in the advanced nuclear reactor sector. The company is well-capitalized with $920 million on its balance sheet and has multiple avenues for additional funding, including a significant loan from the DOE Loan Programs Office. This financial backing, coupled with potential support from the Army’s Project Janus, positions Oklo as a leading player in first-of-a-kind nuclear projects.
Furthermore, Oklo’s innovative approach to fueling, particularly its use of HALEU and the potential to utilize government plutonium stockpiles, addresses key supply chain risks and offers a path to scale. The timeline for their first reactor at the Idaho National Laboratory is progressing under the DOE’s Reactor Pilot Program, which mitigates regulatory risks and accelerates development. These strategic advantages underpin Dorsheimer’s Buy rating, as Oklo is poised to benefit from growing structural demand in the nuclear energy sector.
In another report released on November 13, Barclays also maintained a Buy rating on the stock with a $146.00 price target.