Aanchal Sugandh
3 min read
In This Article:
Oklo (OKLO) has been firmly turning heads across the nuclear technology landscape. With its stock soaring 192% year-to-date, the company has managed to strike while the iron is hot.
Wall Street is taking notice. Earlier in June, analysts at Seaport Global upgraded their rating, a signal that investor confidence is beginning to mirror the company’s own internal momentum.
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Seaport Global analyst Jeff Campbell has pointed to key milestones, from the completed drilling campaign at Idaho National Laboratory to strategic agreements with the Department of Energy and INL, as evidence of steady execution.
Plus, Oklo has entered Phase 1 of the combined license application with the NRC, filed a licensed operator report, and is preparing a detailed plan for the Oklo Fuel Foundry. All these steps tell a story of progress. And with clearance to compete for deployment of the 15 MW Aurora microreactor, Oklo appears ready to punch above its weight.
Headquartered in Santa Clara, California, Oklo (OKLO) has emerged as a powerful force in the clean energy space. At a market cap of $8.65 billion, it is engineering fast fission power plants that promise clean, reliable and cost-effective energy at scale. At the same time, the company is working to build a domestic supply chain for crucial radioisotopes and pushing boundaries with nuclear fuel recycling.
Over the past 52 weeks, OKLO stock has soared by 527%, with a notable 64% surge just in the last month.
On May 13, Oklo unveiled its financial results for the first quarter of 2025, sparking an 11% jump in its stock price that very day. While the company reported no revenue during this period, the silver lining lies in its steadily shrinking losses, which outpaced analysts’ expectations.
The net loss impressively narrowed 59.2% year over year, settling at $9.8 million. The company posted a Q1 2025 loss of just $0.07 per share, reducing 79.4% from the prior year’s quarter and comfortably beating Wall Street’s forecast of $0.10 loss per share.
Despite cash reserves dipping since the close of 2024, Oklo still holds $90.1 million in cash and cash equivalents as of March 31, enough to sustain operations at the current burn rate for several years.
