Key Takeaways
- Daniel Ives from Wedbush maintains an Outperform stance on OKLO, setting a $110 price objective that suggests approximately 65% potential appreciation.
- The U.S. Department of Energy chose Oklo for advanced discussions within the Surplus Plutonium Utilization Program framework.
- Bank of America resumed coverage on May 22 with a Buy recommendation and $80 price objective, highlighting the company’s integrated business approach.
- The nuclear startup has secured a 1.2 GWe firm power purchase agreement with Meta, plus over 14 GWe in preliminary customer commitments.
- Analyst consensus shows Moderate Buy sentiment with an average target of $90.07, supported by 11 Buy and 7 Hold ratings.
Shares of Oklo (OKLO) are capturing increased analyst interest, highlighted by Wedbush’s Daniel Ives establishing a $110 price objective that signals approximately 65% potential gains over the coming year. The equity currently trades near $66.
Ives, who ranks among the top 3% of analysts on Wall Street, maintains an Outperform rating on OKLO. His optimistic view emphasizes Oklo’s integrated “build, own, and operate” business framework, which he believes establishes predictable revenue generation and streamlines the nuclear regulatory approval process.
The recent catalyst behind his analysis was Oklo’s inclusion by the U.S. Department of Energy for advanced discussions under the Surplus Plutonium Utilization Program. The DOE selected four additional advanced nuclear firms alongside Oklo.
This initiative seeks to transform excess plutonium into usable fuel for next-generation reactor designs. For Oklo, this means collaborating with Newcleo — Oklo takes the lead on plutonium conversion while Newcleo contributes fuel production knowledge and potentially up to $2 billion in project financing.
Ives characterized the DOE designation as official governmental endorsement of the Newcleo collaboration initially revealed in October 2025. The selection also establishes a fourth fuel supply route for Oklo, complementing HALEU enrichment, spent fuel reprocessing, and its A3F fabrication initiative.
However, Ives maintained a cautious perspective. He characterized the DOE announcement as “additive” to Oklo’s fuel acquisition strategy rather than an immediate commercial breakthrough, emphasizing that binding contracts and regulatory clearances remain outstanding.
Bank of America Returns With Bullish Outlook
On May 22, Bank of America analyst Rinny Singh reestablished coverage with a Buy designation and an $80 price objective. This suggests more than 17% upside from present trading levels.
BofA emphasized Oklo’s fully integrated operational model as a competitive differentiator in the small modular reactor industry. The investment bank also referenced the 1.2 GWe binding power purchase contract executed with Meta in January as demonstration of genuine commercial momentum.
Oklo’s overall project pipeline exceeds 14 GWe under preliminary customer agreements, positioning it among the largest participants in the developing SMR market by customer commitments.
Critical Milestones on the Horizon
Oklo’s inaugural Aurora reactor installation at Idaho National Laboratory remains scheduled for late 2027 through early 2028. The organization is also working toward a July 4, 2026 criticality achievement — its anticipated first controlled sustainable nuclear reaction.
Ives clarified that the DOE development doesn’t expedite that schedule. However, he observed that successful transformation of excess plutonium into transitional fuel could mitigate fuel supply constraints for initial reactor deployments, assuming final agreements are executed.
Analyst consensus reflects a Moderate Buy position, comprising 11 Buy recommendations and 7 Hold ratings. The mean price objective stands at $90.07, indicating roughly 35% upside potential from current valuations.
The expanding AI infrastructure landscape is driving requirements for dependable large-scale power generation, and Oklo’s established agreements with hyperscale clients like Meta demonstrate its proactive positioning to address this growing market need.
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