Oklo downgraded to Hold at Craig-Hallum on uncharted regulatory path

As previously reported, Craig-Hallum analyst Eric Stine downgraded Oklo (OKLO) to Hold from Buy with a price target of $59, up from $43. Given its “build, own, operate” model, Oklo is charting a regulatory path in which it will be both the nuclear technology provider and the project owner with it supplying baseload zero emissions power and heat to end users in the AI data centers and other applications, the analyst tells investors. While the firm thinks it is possible Oklo will be able to meet its objectives, it also notes this is a path that no company has yet taken and that Oklo has laid out “aggressive” targets for an initial commercial deployment in late 2027 to early 2028 and over the next several years following that.