Oklo Started With Neutral Rating at BTIG, Shares Up Slightly

Wedbush raised its price target on Oklo (NYSE:OKLO) to $75 from $55 while maintaining an Outperform rating, citing accelerating momentum in U.S. nuclear energy policy and growing government interest in advanced reactor deployment.

The firm highlights a recent development in which Oklo received a Notice of Intent to Award (NOITA) from the Defense Logistics Agency Energy, acting on behalf of the U.S. Air Force and Department of Defense. The award pertains to providing nuclear power to Eielson Air Force Base in Alaska. Oklo will design, build, own, and operate the plant, supplying both electricity and heat—key attributes for energy independence at remote military installations.

Wedbush also notes broader support for the nuclear sector following an executive order by former President Trump aimed at accelerating U.S. nuclear energy development. The order seeks to streamline the regulatory process for reactor approvals, bolster fuel supply chains, and support energy-intensive AI datacenter expansion.

With the Department of Defense targeting a fourfold increase in nuclear capacity to 400 GW by 2050 and possessing regulatory authority over installations on military bases, analysts see a clear path for accelerated deployment—positioning Oklo as a prime beneficiary of these strategic shifts.

BTIG initiated coverage on Oklo (NYSE:OKLO) with a Neutral rating, citing the company’s innovative but early-stage efforts to reshape the nuclear energy landscape. The company’s shares rose more than 1% pre-market today.

Unlike most small modular reactor (SMR) developers that license technology to utilities, Oklo is taking a vertically integrated approach—designing, building, owning, and operating its own nuclear power plants. Its business model centers around securing long-term power purchase agreements (PPAs), especially with high-demand customers like data centers seeking stable, carbon-free energy outside the traditional utility grid.

A major technological distinction is Oklo’s molten metal reactor design, which promises greater safety and efficiency compared to conventional light water reactors, currently the dominant technology globally. However, commercial deployment is still years away, with the company targeting the early 2030s.

Oklo has already signed six non-binding letters of intent totaling around 14 gigawatts in potential capacity. Still, critical milestones lie ahead, including regulatory approval from the Nuclear Regulatory Commission (NRC) and completion of its first plant at the Idaho National Laboratory, expected between late 2027 and early 2028.

BTIG remains cautiously optimistic about Oklo’s disruptive potential but notes the company’s commercial viability is still in its early stages.

• Oklo Inc. (NYSE:OKLO) is under investigation by Pomerantz LLP for potential securities fraud following a critical report by Kerrisdale Capital.
• The company's stock experienced a 3.9% drop after the report, which raised concerns about its regulatory approvals and commercial viability.
• Despite insider sales by executives, Oklo's stock has shown resilience with a current trading price of $24.16, indicating investor interest amidst the controversies.

Oklo Inc. (NYSE:OKLO), a pioneering nuclear energy company, recently entered the public market through a Special Purpose Acquisition Company (SPAC) merger. The company's focus on developing microreactors of 15-50 MWe capacity places it in a competitive and challenging industry dominated by established players. However, Oklo's journey has been marred by significant scrutiny regarding its commercial viability and the hurdles of regulatory approvals.

Pomerantz LLP has initiated an investigation into potential securities fraud by Oklo and its executives, triggered by a damning report from Kerrisdale Capital. This report questioned the absence of regulator-approved designs and revenue streams for Oklo, alongside highlighting the company's technical and financial obstacles. These revelations led to a 3.9% decline in Oklo's stock price, closing at $20.95.

Further complicating matters, on December 20, 2024, Oklo's CEO, DeWitte Jacob, and COO, Caroline Cochran, were reported to have sold 2,321 shares each at an approximate price of $20.24 per share. Despite these sales, both executives maintain a significant stake in the company, holding 12.77 million shares each. These transactions, disclosed under Form 4, signal insider trading activity that could be pivotal in the ongoing investigation by Pomerantz LLP.

As of now, Oklo's stock is trading at $24.16, marking a 2.31% increase. The stock's daily trading range was between $23.03 and $24.99, with a yearly high of $28.12 and a low of $5.35. With a market capitalization of approximately $2.95 billion and a trading volume of 10.15 million shares, investor interest in Oklo remains strong despite the challenges and ongoing investigation.

The investigation by Pomerantz LLP, coupled with the insider sales by Oklo's executives, adds layers of complexity to the company's current situation. Investors are advised to stay abreast of the developments, as the outcome of the investigation could significantly influence Oklo's stock performance and its future prospects in the nuclear energy sector.

• Oklo Inc. (NYSE:OKLO) is under investigation by Pomerantz LLP for potential securities fraud following a critical report by Kerrisdale Capital.
• The company's stock experienced a 3.9% drop after the report, which raised concerns about its regulatory approvals and commercial viability.
• Despite insider sales by executives, Oklo's stock has shown resilience with a current trading price of $24.16, indicating investor interest amidst the controversies.

Oklo Inc. (NYSE:OKLO), a pioneering nuclear energy company, recently entered the public market through a Special Purpose Acquisition Company (SPAC) merger. The company's focus on developing microreactors of 15-50 MWe capacity places it in a competitive and challenging industry dominated by established players. However, Oklo's journey has been marred by significant scrutiny regarding its commercial viability and the hurdles of regulatory approvals.

Pomerantz LLP has initiated an investigation into potential securities fraud by Oklo and its executives, triggered by a damning report from Kerrisdale Capital. This report questioned the absence of regulator-approved designs and revenue streams for Oklo, alongside highlighting the company's technical and financial obstacles. These revelations led to a 3.9% decline in Oklo's stock price, closing at $20.95.

Further complicating matters, on December 20, 2024, Oklo's CEO, DeWitte Jacob, and COO, Caroline Cochran, were reported to have sold 2,321 shares each at an approximate price of $20.24 per share. Despite these sales, both executives maintain a significant stake in the company, holding 12.77 million shares each. These transactions, disclosed under Form 4, signal insider trading activity that could be pivotal in the ongoing investigation by Pomerantz LLP.

As of now, Oklo's stock is trading at $24.16, marking a 2.31% increase. The stock's daily trading range was between $23.03 and $24.99, with a yearly high of $28.12 and a low of $5.35. With a market capitalization of approximately $2.95 billion and a trading volume of 10.15 million shares, investor interest in Oklo remains strong despite the challenges and ongoing investigation.

The investigation by Pomerantz LLP, coupled with the insider sales by Oklo's executives, adds layers of complexity to the company's current situation. Investors are advised to stay abreast of the developments, as the outcome of the investigation could significantly influence Oklo's stock performance and its future prospects in the nuclear energy sector.

B.Riley analysts initiated coverage on Oklo (NYSE:OKLO) with a Buy rating and a price target of $10 on the stock.

The analysts are optimistic about Oklo's advanced nuclear technology, which they believe will attract strong customer interest due to its ability to provide reliable, carbon-free power with favorable economics. Oklo stands out in the nuclear industry by adopting an owner-operator model, where it plans to sell power directly to customers through long-term contracts. This approach offers operational and regulatory advantages, as Oklo can apply for a combined license for design, construction, and operations, potentially shortening approval timelines and lowering regulatory costs compared to traditional nuclear developers who license reactor designs to utilities.

The company's customer base has also shown impressive growth, with its pipeline nearly doubling from 700 MW in July 2023 to 1,350 MW by August 2024, reinforcing confidence in its future prospects and supporting the Buy rating.

B.Riley analysts initiated coverage on Oklo (NYSE:OKLO) with a Buy rating and a price target of $10 on the stock.

The analysts are optimistic about Oklo's advanced nuclear technology, which they believe will attract strong customer interest due to its ability to provide reliable, carbon-free power with favorable economics. Oklo stands out in the nuclear industry by adopting an owner-operator model, where it plans to sell power directly to customers through long-term contracts. This approach offers operational and regulatory advantages, as Oklo can apply for a combined license for design, construction, and operations, potentially shortening approval timelines and lowering regulatory costs compared to traditional nuclear developers who license reactor designs to utilities.

The company's customer base has also shown impressive growth, with its pipeline nearly doubling from 700 MW in July 2023 to 1,350 MW by August 2024, reinforcing confidence in its future prospects and supporting the Buy rating.