BofA starts Oklo with a Buy, sees 30% upside potential

As previously reported, BofA analyst Dimple Gosai initiated coverage of Oklo (OKLO) with a Buy rating and $92 price target implying 30% upside potential. Backed by both the DOE and data center operators, nuclear energy is regaining momentum and Oklo, which is building next-generation small nuclear reactors, is “well positioned to meet the rising energy needs of AI,” the analyst tells investors. Of the roughly 50 SMR developers the firm tracks, Oklo has the largest publicly disclosed customer pipeline with greater than 14 GW of MOUs, representing about 30% of the global pipeline, the analyst noted.