Shares of the U.S.-based Oklo Inc. (OKLO) have been in the spotlight, recently touching a new record high and extending their year-to-date gains to 350%. On Monday, the shares jumped 15.7%, but in pre-market trading on Tuesday, they dipped 1.34%. Looking ahead, OKLO’s recent rally has lifted the stock well above analysts’ price targets, so a short-term pullback or profit-taking is possible. However, the company’s long-term story, centered on next-generation nuclear microreactors and strategic partnerships, remains appealing to growth-focused investors.
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For context, Oklo develops compact nuclear microreactors aimed at providing reliable, low-carbon power for commercial and industrial use.
What’s Behind the Recent Surge in OKLO?
The recent surge mainly comes amid optimism over upcoming deals between the U.S. and UK, expected to be announced this week during Trump’s state visit.
Both nations recently announced a landmark Atlantic Partnership for Advanced Nuclear Energy, aimed at speeding up the development and deployment of nuclear projects in both countries. The UK even called this the “golden age of nuclear power.” The U.S.-UK partnership could create big opportunities for nuclear companies like Oklo. Planned projects include up to 12 advanced modular reactors and data centers powered by small modular reactors (SMRs) in the UK.
While most agreements are currently between private firms, the deal opens the UK market to U.S. players, potentially bringing billions in future investments and offering Oklo significant growth potential.
Shares gained further momentum after Bloomberg reported that a top Trump energy official recommended expanding the U.S. uranium reserve, boosting confidence in nuclear power’s long-term outlook.
Oklo Announces Tennessee Investment
Earlier this month, the company announced plans to invest up to $1.68 billion in a nuclear fuel recycling plant in Oak Ridge, Tennessee. This project aims to transform nuclear waste management by recovering valuable materials from existing waste and turning them into fuel for advanced reactors. Following this announcement, Oklo’s stock received a significant boost, fueled by investors interested in sustainable and advanced power generation solutions.
Is OKLO a Good Stock to Buy?
Overall, Wall Street has a Moderate Buy consensus rating on OKLO stock, based on six Buys, four Holds, and one Sell assigned in the last three months. The average share price target for Oklo is $72.50, which implies a downside of 24.23% from current levels.
