Oklo price target lowered to $92 from $129 at B. Riley

B. Riley lowered the firm’s price target on Oklo (OKLO) to $92 from $129 and keeps a Buy rating on the shares. The company reported progress across its power, fuel, and isotope businesses, including DOE approvals supporting its first Aurora plant at Idaho National Laboratory, a prepayment agreement with Meta (META) for up to 1.2 GW in Ohio, initial fuel facility construction, and key NRC and DOE milestones for Atomic Alchemy’s isotope operations, the analyst tells investors in a research note. Oklo exited the quarter with $1.4B in cash, raised an additional $1.2B post-quarter, and guided 2026 operating cash use of $80M-$100M and investing cash use of $350-$450M, the firm says.