President-elect Donald Trump picked Liberty Energy CEO Chris Wright to lead the Department of Energy. Liberty Energy is an oilfield services company headquartered in Denver, Colorado.
Investors are hopeful the new administration will lift the nuclear sector.
Jacob DeWitte, Oklo co-founder and CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, DeWitte's expectations for support from the new administration, and much more.
U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday.
Oklo's stock has surged, but its operational timeline has been pushed to late 2027, making it a highly speculative investment. The release of previously locked-up shares has increased Oklo's tradable float by 12%, adding to its market volatility. Oklo's innovative business model targets the growing demand for low-carbon energy, but significant shareholder dilution and funding uncertainties remain.
Oklo Inc. (NYSE:OKLO ) Q3 2024 Earnings Call November 14, 2024 4:30 PM ET Company Participants Sam Doane - Investor Relations Jake Dewitte - Co-Founder and Chief Executive Officer Craig Bealmear - Chief Financial Officer Conference Call Participants Ryan Pfingst - B. Riley Vikram Bagri - Citi Jeffrey Campbell - Seaport Research Partners Max Hopkins - CLSA Craig Shere - Tuohy Brothers Ivan Feinseth - Tigress Financial Partners Pavel Molchanov - Raymond James Operator Good day, everyone, and welcome to today's Oklo Q3 ‘24 Financial Results and Webcast.
Following last quarter's "significant" earnings loss, George Tsilis still sees promise in Oklo Inc. (OKLO) ahead of this quarter's earnings. He discusses the prominence Oklo and similar nuclear companies like Constellation Energy (CEG) and Vistra (VST) will play in the A.I.
Shares of the nuclear start-up jumped on increasing attention in the sector.
Just because nuclear power is popular now doesn't mean it's not still risky for investors.
Energy and power grid constraints look to be the biggest hurdles for Big Tech to overcome in the industry's wider buildout of AI data center infrastructure. Tech players have begun investing in nuclear energy developers to find the clean energy output needed to power these expansions.
Two decarbonization stocks came into focus recently with their big price jumps - nuclear reactor developer Oklo and boron miner 5E Advanced Materials. Oklo rallied, and continues to do so, on power demand projections for data centers. It has also made progress towards eventual operationalisation recently. 5E Advanced Materials jumped on receiving a loan option from EXIM bank, providing a lifeline for the pre-production miner, though the stock has come off since.
A handful of nuclear energy stocks have been melting up in recent quarters, thanks in part to big news coming from big tech.