Wolfe Research initiated coverage of Oklo (OKLO) with a Peer Perform rating and $51-$71 fair value estimate. Oklo is a pre-revenue nuclear company positioned to be the first to bring a commercial-scale small modular reactor online, the analyst tells investors in a research note. Wolfe views the company’s targets as the most ambitious in the industry. It prefers X-energy shares to Oklo.
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