Canaccord lowered the firm’s price target on Oklo (OKLO) to $125 from $175 and keeps a Buy rating on the shares. The firm said its target reduction is based on their DCF with our model stretching to 2050. Importantly, they assume Oklo’s reactor build-outs will be financed substantially with debt and further supported by investment tax credits. This financing mix could help bolster long-term returns on capital with, potentially, minimal requirements for additional equity.
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