JPMorgan analyst Jeremy Tonet initiated coverage of Oklo (OKLO) with a Neutral rating and $83 price target The firm says small modular reactors could capitalize on clean, baseload power needs amid a “paradigm shift” in electricity demand from data center proliferation, manufacturing onshoring, and rising electrification. However, JPMorgan wants to see further successful commercialization execution before gaining more comfort in the shares.
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