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Oklo Inc
(NYSE:OKLO)
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Rating:48Neutral
Price Target:
$43.00
▼(-0.76% Downside)
Action:Reiterated
Date:07/29/26
The score is held down primarily by weak financial performance (no revenue, rising losses and worsening cash burn) and bearish technicals (price below major moving averages, high volatility). Offsetting factors include strong liquidity and reaffirmed guidance with meaningful operational/regulatory milestones from the latest earnings call, plus generally positive governance/financing updates.
Positive Factors
Strong liquidity and recapitalization
A $2.5B cash and marketable securities balance provides durable financing runway to fund multi-year licensing, construction and fuel initiatives. This large buffer materially reduces near-term financing pressure, enabling planned milestone delivery and repeatable deployment cadence while markets and approvals progress.
Negative Factors
Pre-revenue status and widening losses
Oklo remains a development-stage firm with no historical revenue and rapidly increasing operating losses. Structurally, this means continued reliance on external capital until commercial operations commence, heightening dilution and execution risk if licensing or construction timelines slip and delaying sustainable cash generation.
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Positive Factors
Negative Factors
Strong liquidity and recapitalization
A $2.5B cash and marketable securities balance provides durable financing runway to fund multi-year licensing, construction and fuel initiatives. This large buffer materially reduces near-term financing pressure, enabling planned milestone delivery and repeatable deployment cadence while markets and approvals progress.
Read all positive factors
Oklo Inc (OKLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.76B
Dividend YieldN/A
Average Volume (3M)9.23M
Price to Earnings (P/E)―
Beta (1Y)2.83
Revenue GrowthN/A
EPS Growth84.43%
CountryUS
Employees205
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)-0.85
Shares Outstanding173,990,980
10 Day Avg. Volume8,952,912
30 Day Avg. Volume9,231,007
Financial Highlights & Ratios
PEG Ratio-2.78
Price to Book (P/B)7.11
Price to Sales (P/S)0.00
P/FCF Ratio-91.02
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-0.04
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$85.08Price Target Upside96.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)-0.73
Revenue Forecast (FY)$1.81M
Oklo Inc Business Overview & Revenue Model
Company Description
Oklo Inc. develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. The company’s primary offering is the Aurora powerhouse, which is designed to produce between 15 and up ...
How the Company Makes Money
Oklo’s intended revenue model is centered on selling energy services rather than selling reactors outright. The company has described a plan to deploy its nuclear “powerhouses” and earn recurring revenue by delivering electricity (and potentially ...
Oklo Inc Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
Earnings Call Sentiment Positive
The call highlights strong execution momentum across Oklo's integrated platform — notable regulatory approvals, material progress on fuel and isotope facilities, strategic commercial partnerships and a fortified balance sheet with $2.5B liquidity. At the same time, the company remains in a capital-intensive build phase with ongoing operating losses, substantial near-term cash deployment, and multiple timing dependencies (DSAs, readiness reviews, PJM interconnection and fuel availability) that present execution risk. Net-net, milestones achieved and the large cash buffer provide a positive outlook, but near-term delivery and regulatory timing remain key risks to monitor.Positive Updates
Strengthened Balance Sheet and Liquidity
Oklo ended Q1 2026 with $2.5 billion in cash and marketable securities (cash $1.6B, marketable securities $0.9B). The company generated $1.2B in capital from the completion of its ATM program in the quarter (approximately 48% of the total cash+securities on hand). Cash represents ~64% of the combined balance, marketable securities ~36%.
Negative Updates
Continuing Operating Losses and Non-GAAP Adjustments
Q1 net loss was $33.1M comprised of loss from operations of $51.2M and income tax expense of $3.2M, offset by $21.3M of net interest and dividend income. Noncash stock-based compensation charges were $15.6M, contributing materially to the reported loss.
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Q1-2026 Updates
Positive
Negative
Strengthened Balance Sheet and Liquidity
Oklo ended Q1 2026 with $2.5 billion in cash and marketable securities (cash $1.6B, marketable securities $0.9B). The company generated $1.2B in capital from the completion of its ATM program in the quarter (approximately 48% of the total cash+securities on hand). Cash represents ~64% of the combined balance, marketable securities ~36%.
Read all positive updates
Company Guidance
Oklo reaffirmed 2026 guidance and said it is trending toward the targets of $80–100 million of cash used in operating activities and $350–450 million of cash used in investing activities for property, plant and equipment; management expects continued progress as procurement and construction accelerate. In Q1 2026 the company reported a net loss of $33.1 million (loss from operations $51.2 million), income tax expense $3.2 million, offset by $21.3 million of net interest and dividend income, with cash used in operating activities of $17.9 million and cash used in investing activities of $359 million (including $321.2 million of marketable securities purchases, $32.8 million of capital spend and $5 million of other investing activity); non‑cash stock‑based compensation was $15.6 million. Oklo closed its ATM in Q1, generating $1.2 billion of capital, and ended the quarter with $2.5 billion of cash and marketable securities (cash and equivalents $1.6 billion; marketable securities $0.9 billion).Oklo Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
70
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -163.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -125.32M | -109.67M | -72.67M | -32.10M | -9.99M | -5.15M |
| Net Income | -128.92M | -105.66M | -73.62M | -32.17M | -10.02M | -5.16M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 1.53B | 281.74M | 14.88M | 10.99M | 11.04M |
| Cash, Cash Equivalents and Short-Term Investments | 2.21B | 1.23B | 227.81M | 9.87M | 9.65M | 10.44M |
| Total Debt | 2.62M | 1.45M | 1.28M | 250.00K | 304.18K | 494.32K |
| Total Liabilities | 64.88M | 52.25M | 30.88M | 49.25M | 39.10M | 4.74M |
| Stockholders Equity | 2.64B | 1.48B | 250.86M | -34.36M | -28.11M | 6.30M |
Cash Flow | ||||||
| Free Cash Flow | -153.48M | -115.38M | -38.74M | -16.08M | -10.14M | -1.94M |
| Operating Cash Flow | -87.80M | -82.17M | -38.39M | -16.00M | -9.99M | -1.88M |
| Investing Cash Flow | -854.78M | -489.68M | -175.77M | -83.00K | -149.56K | -500.00M |
| Financing Cash Flow | 2.45B | 1.26B | 301.43M | 16.30M | 9.35M | 505.22M |
Oklo Inc Technical Analysis
Neutral
43.33
Price Trends
52.20
Negative
56.87
Negative
73.79
Negative
Market Momentum
-3.02
Negative
45.45
Neutral
70.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OKLO, the sentiment is Neutral. The current price of 43.33 is above the 20-day moving average (MA) of 42.94, below the 50-day MA of 52.20, and below the 200-day MA of 73.79, indicating a neutral trend. The MACD of -3.02 indicates Negative momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 70.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OKLO.
Oklo Inc Risk Analysis
Oklo Inc disclosed 70 risk factors in its most recent earnings report. Oklo Inc reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oklo Inc Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $9.78B | 20.68 | 9.56% | 3.45% | 0.63% | -6.14% | |
60 Neutral | $8.27B | 23.12 | 9.36% | 2.36% | -1.11% | 8.18% | |
59 Neutral | $18.28B | 22.33 | 11.04% | 2.78% | 6.83% | -2.08% | |
56 Neutral | $12.24B | 18.50 | 9.04% | 3.44% | 4.84% | 5.77% | |
52 Neutral | $6.41B | 32.35 | 5.67% | 2.84% | 9.97% | -7.29% | |
48 Neutral | $6.76B | -45.68 | -8.57% | ― | ― | 84.43% |
* Utilities Sector Average
OKLO
Oklo Inc
42.99
-40.11
-48.27%
LNT
Alliant Energy
70.20
6.42
10.06%
IDA
IdaCorp
143.24
21.45
17.61%
OGE
OGE Energy
47.02
3.05
6.94%
PNW
Pinnacle West Capital
101.50
12.39
13.91%
TXNM
TXNM Energy
57.36
2.32
4.21%
Oklo Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Oklo strengthens executive leadership team for nuclear growth
Positive
Jul 28, 2026
On July 22, 2026, Oklo Inc.’s board appointed five existing leaders as executive officers, effective July 27, 2026, consolidating a management team with deep nuclear, legal, engineering and financial expertise. The moves formalize the roles ...
Executive/Board ChangesShareholder Meetings
Oklo Shareholders Approve Directors and Auditor at 2026 Meeting
Positive
Jun 8, 2026
On June 3, 2026, Oklo Inc. held its 2026 annual meeting of stockholders, where shareholders elected Class II directors Caroline DeWitte, Richard W. Kinzley and Dr. Mark Peters to serve until the 2029 annual meeting and until their successors are e...
Business Operations and StrategyPrivate Placements and Financing
Oklo Establishes New At-The-Market Equity Offering Program
Positive
May 13, 2026
On May 13, 2026, Oklo Inc. entered a new equity distribution agreement with a syndicate of major investment banks, allowing the company to sell up to $1 billion of Class A common stock from time to time through an at‑the‑market offerin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.