Oklo initiated with a Buy at Canaccord

Canaccord initiated coverage of Oklo (OKLO) with a Buy rating and $175 price target The company’s nuclear reactor buildouts will be financed substantially with debt and further supported by investment tax credits, the analyst tells investors in a research note. The firm believes this financing mix should bolster Oklo’s long-term returns on capital with minimal requirements for additional equity. A “new nuclear age emerging,” where nuclear assets grow in volume and as a percentage of the global energy mix, contends Canaccord.