Oklo price target lowered to $30 from $31 at Citi

Citi lowered the firm’s price target on Oklo (OKLO) to $30 from $31 and keeps a Neutral rating on the shares. The firm views the Q4 earnings report as “modest negative.” Oklo is adding a larger 75MW reactor design due to data center customer requirements that indicate 60-75MW “as the sweet spot,” the analyst tells investors in a research note. Citi says that while the larger design will require higher upfront capex, it will have better overall plant economics. Larger near-term cash requirements and increased likelihood of outside capital before the first reactor commissioning will likely weigh on the stock, contends the firm.