Seaport Research upgraded Oklo (OKLO) to Buy from Neutral with a $71 price target The firm sees fuel availability as the key variable in Oklo’s future success. Oklo was named eligible to receive awards for the Defense Innovation Unit’s Advanced Nuclear Power for Installations program, the analyst tells investors in a research note. The firm interprets this to mean the company has received technical approval and is now competing with other vendors who have made this cut to demonstrate and deploy microreactors at military bases and in the field for those units that are transportable. Seaport models Oklo developing both metal fuel fabrication capability and sees tangential evidence of management confidence in the progression of its work with the Nuclear Regulatory Commission.
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