TLDR
- Oklo stock reached a new all-time high of $92.48, with shares climbing over 1,300% in the past year
- Company announced plans to invest $1.68 billion in a nuclear fuel recycling facility in Oak Ridge, Tennessee
- US-UK nuclear energy cooperation deal boosted uranium and nuclear-linked stocks across the market
- BofA Securities initiated coverage with a Buy rating and $92 price target
- Stock currently trades with a market cap of $12.91 billion and strong momentum score of 99.62
Oklo Inc stock surged to a new all-time high of $92.48 on Monday morning, extending a remarkable run that has seen shares climb over 1,300% in the past year. The advanced nuclear technology company closed trading up 14.87% at $95.01.
The latest rally comes as uranium and nuclear-linked stocks gained ground ahead of a nuclear energy cooperation agreement between the United States and the United Kingdom. The US Nuclear Regulatory Commission signed a refreshed memorandum of understanding with the UK’s Office for Nuclear Regulation.
This agreement aims to streamline regulation and accelerate the deployment of advanced nuclear reactors across both markets. The regulatory cooperation provides a tailwind for companies like Oklo operating in the advanced nuclear space.
Oklo’s stock performance reflects growing investor confidence in the company’s strategic direction. Over the past six months alone, shares have posted a 198% gain according to market data.
The company’s market capitalization now stands at $12.91 billion. Analyst price targets range from $14 to $92, with the stock currently carrying a “FAIR” rating from InvestingPro analysis.
Strategic Investments Drive Growth
Oklo’s recent surge follows a series of strategic announcements that highlight progress toward commercialization. On September 4, the company unveiled plans for a new $1.68 billion advanced fuel recycling center in Tennessee.
This facility will recycle used nuclear fuel and convert it into high-assay low enriched uranium (HALEU) fuel. The project is expected to create over 800 jobs in the Oak Ridge area.
The recycling center represents a key component of Oklo’s strategy to create a stable and secure domestic fuel supply. This vertical integration approach could provide the company with greater control over its supply chain.
In August, Oklo announced a collaboration with Lightbridge to develop advanced nuclear fuels. The company also reached an agreement with ABB to commission a monitoring room for its Aurora powerhouse technology.
Regulatory Support and Market Position
Federal support for Oklo’s technology became evident when the company and its subsidiary were selected for three projects under the U.S. Department of Energy’s new Reactor Pilot Program. This selection signals strong government backing for the company’s advanced reactor designs.
BofA Securities recently initiated coverage on Oklo with a Buy rating and a $92 price target. The analysts cited the company’s capital-intensive business model as a competitive strength.
UBS maintained its Neutral rating with a $65 price target following the nuclear fuel facility announcement. The mixed analyst views reflect differing perspectives on the company’s valuation at current levels.
Oklo has updated its equity offering to allow the sale of up to approximately $140 million in new shares. This replaces a previous authorization of $400 million, with the company having already generated about $400 million in gross proceeds from prior share sales.
The company’s partnership with ABB will establish a digital monitoring room at Oklo headquarters. This facility will serve as an operator training and simulation center for the Aurora powerhouses.
Despite reporting a second-quarter earnings miss in mid-August, investors remain focused on operational milestones. The company continues to target commercial operations for its first powerhouse by late 2027 or early 2028.
Oklo’s stock carries a Benzinga Edge momentum score of 99.62, indicating exceptionally strong recent price performance. The stock’s 52-week range spans from $6.08 to $92.48, illustrating the dramatic price appreciation over the past year.
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