Herb Greenberg adds Oklo to ‘Red Flag Focus List’

On his blog, marketwatcher Herb Greenberg wrote: “It should be no surprise that I’m adding Oklo (OKLO) to the Red Flag Focus List, especially after its Q4 earnings call Monday. I first red-flagged the fledgling wannabe manufacturer of small modular nuclear reactors in October along with two other nuclear names – NuScale (SMR) and Nano Nuclear Energy (NNE). I stopped short of giving all of them a full-scale alert since the market was in the middle of a nuclear frenzy… Oklo’s shares tumbled earlier this week after reporting Q4 results, followed by what I view as one of the silliest earnings calls I’ve heard. It was akin to a bunch of gibberish, since so much of what was being talking about – including the company’s purported “pipeline” – is hypothetical. There simply was no there, there. Despite talk of deals, it was all in pencil, which is why management found itself trying to explain why there haven’t been any firm purchase agreements yet. The reason, of course, is because even they don’t know for sure… As for any special insights: I have no fantastic edge here. There are plenty of others who have already flagged risks, including more than a few who are either steeped in or have dug deeply into nuclear. One of my favorites on Twitter, or X, is Adam Taub, who has a nose for sniffing out stench. Then again, so do I.”