OKLO and SMR shares have soared on nuclear energy momentum - here's what's fueling the rally and who could climb higher.
Oklo CEO Jacob DeWitte said Tuesday that the nuclear company's agreement to supply power to an Air Force base in Alaska is part of a larger push by the government to deploy nuclear power in creating defense infrastructure. "It's a pretty exciting space to think about what the trajectory can look like going forward," DeWitte said.
OKLO shares jumped 30% after Trump's nuclear orders, with policies seen as key to accelerating its Aurora rollout.
Investors interested in OKLO stock should wait for a better entry point, considering its premium valuation and declining earnings estimates.
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Oklo (NYSE:OKLO) has seen its price target raised by Wedbush analysts after the nuclear startup announced an anticipated agreement with the US government to provide power to the Eielson Air Force Base in Alaska. Oklo on Wednesday revealed it has been issued a Notice of Intent to Award by the Defense Logistics Agency Energy on behalf of the Department of the Air Force and the US Department of Defense (DoD).
Oklo Inc. (NYSE: OKLO) received a price target increase on Wednesday, June 12, as Wedbush Securities analyst Daniel Ives lifted his outlook to $75 from $55 while maintaining an Outperform rating. The analyst cited the Trump Administration's increased focus on using nuclear energy to power AI datacenter buildout.
Both OKLO and SMR operate in promising corners of the nuclear energy space, backed by notable partnerships and strong financials.
Oklo's stock surged on Trump's support for nuclear power, accelerating permitting timelines, but it remains highly volatile and speculative due to its pre-revenue status and uncertain profitability. Oklo's compact modular reactors target the growing data center market, offering long-term power agreements and the potential to solve key grid challenges if technology is proven. Its valuation is justified by future revenue potential and high liquidity, but significant risks remain around technology validation, regulatory approval, and capital needs.
Investors interested in OKLO stock should wait for a better entry point, considering its premium valuation and declining earnings estimates.
Two nuclear energy stocks are making major moves this afternoon, NuScale Power Corp (NYSE:SMR) and Oklo Inc (NYSE:OKLO).
Oklo (NYSE:OKLO) shares added more than 17% after the nuclear energy company said it expects to report its first revenues in early to mid-2026 from a radioisotopes project. For the first quarter, the company reported a loss per share of $0.07, slightly better than the loss per share of $0.08 expected by analysts.