BofA reinstates ‘potential early leader’ in SMRs Oklo with a Buy

As previously reported, BofA analyst Rinny Singh reinstated coverage of Oklo (OKLO) with a Buy rating and $80 price target. Oklo’s differentiated, vertically integrated “build-own-operate” model positions it as “a potential early leader” in small modular reactors, or SMRs, the analyst tells investors. Oklo has secured a about 1.2 GWe binding power agreement with Meta (META) and amassed a pipeline exceeding 14 GWe under non-binding customer letters, notes the analyst, who adds that this early commercial validation “underscores our conviction.”