Oklo Inc, the Utilities sector company, was revisited by a Wall Street analyst today. Analyst Sameer Joshi from H.C. Wainwright reiterated a Buy rating on the stock and has a $90.00 price target.
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Sameer Joshi has given his Buy rating due to a combination of factors that position Oklo Inc advantageously in the market. A significant driver is the favorable regulatory environment, supported by bipartisan political backing and executive orders, which provides a conducive backdrop for the company’s operations. Additionally, Oklo’s recent successes in securing three projects from the U.S. Department of Energy’s Reactor Pilot Program highlight its strategic positioning and potential for growth.
Another key factor is Oklo’s technological edge, particularly its ability to use down-blended uranium and plutonium-based fuels, which do not require enrichment. This capability offers flexibility as the company deploys its initial reactors. Furthermore, Oklo’s subsidiary, Atomic Alchemy, is advancing its proprietary Versatile Isotope Production Reactor technology, which aims to streamline and consolidate the isotope supply chain. These developments, alongside the company’s ongoing efforts in the Nuclear Regulatory Commission’s licensing process, underscore Oklo’s potential to de-risk its technology and achieve commercial success.
According to TipRanks, Joshi is ranked #762 out of 10073 analysts.