OKLO's 1.2 GW AI power deal with META outlines a long-dated nuclear buildout, upfront funding support, and years of execution risk ahead.
Oklo's reactor will run on a specialized fuel that makes it more efficient. NuScale is the only SMR developer with regulatory approval to build its reactor.
OKLO faces weak near-term momentum as revenue waits until 2027-28, valuation tops peers, and milestones drive high-risk setup amid DOE and fuel uncertainty.
OKLO is building and operating small nuclear plants, but real revenue hinges on NRC approval and Aurora's 2027-2028 commercial power launch.
OKLO is advancing a combined NRC license to streamline reactor approvals, aiming to cut review timelines and scale its fast fission rollout.
OKLO has plunged 33.8% in a month despite its META nuclear deal, but valuation, long timelines, and ongoing losses suggest this isn't a true dip-buy chance.
Technical patterns tend to repeat on Wall Street. Nuclear power leader OKLO has a near identical pattern to its 2024 surge.
I upgraded Oklo to a Buy after Meta's January 9 agreement to advance the Pike County 1.2 GW campus. The Meta deal adds a prepay mechanism to fund fuel procurement and early Phase 1 work. Timelines are long: phase 1 targeted "as early as 2030", with full 1.2 GW deployment not expected until 2034. However, the Meta deal validates the tech behind the Aurora powerhouse.
Oklo's agreement with Meta Platforms to power its data centers is ‘one of a few firm, binding partnerships today,' says BofA Securities.
Though claiming a company could be the next Nvidia (NASDAQ: NVDA) might have become somewhat tired by early 2026, there is a genuine and strong bull case for the nuclear reactor company Oklo (NYSE: OKLO) amidst both the artificial intelligence (AI) boom and the troubles it has brought upon the world.
Oklo stock pulled back about 10% after a sharp META-fueled rally. Here is what the volatility, valuation, and long-term outlook mean for investors in 2026.
Oklo offers strong nuclear ambitions and capital reserves, but shares now trade at an excessive premium relative to medium-term fundamentals. OKLO's business model integrates construction, generation, and commercialization, with major clients like Meta validating demand for its small nuclear reactors. Despite robust liquidity and no debt, OKLO faces a long timeline to revenue and profitability, with meaningful earnings not expected until 2030 or after.