Daiwa upgrades Oklo on regulatory momentum under Trump

Daiwa upgraded Oklo (OKLO) to Outperform from Hold with a price target of $86, up from $58. The stock in premarket trading is up 2% to $77.15. The firm believes Oklo’s regulatory tailwinds are gaining momentum with President Trump’s AI Action Plan. The plan emphasizes the importance of reliable energy supply to support artificial intelligence industry development, the analyst tells investors in a research note. Daiwa believes the plan, which calls for a streamlined handoff between U.S. authorities to avoid unnecessary regulatory burdens on AI projects, bodes well for Oklo. The company’s potential off-grid distributed power supply solution is a “promising long-term answer” to the challenges of existing grid bottlenecks, contends the firm.