TLDR
- Oklo Inc. stock has dropped roughly 30% over the past month
- The company will release 2024 financial results on March 24, 2025
- Oklo has joined the Department of Energy’s Voucher Program to test materials for its Aurora powerhouse
- Analysts maintain “Strong Buy” ratings with an average price target of $44.50 (51.46% upside)
- Oklo plans to install its Aurora powerhouse at Idaho National Laboratory by 2027
Oklo Inc. (NYSE: OKLO), an advanced nuclear power technology and nuclear fuel recycling company, has seen its stock price drop by around 30% over the past month. Despite this decline, analysts remain optimistic about the company’s future.
The Santa Clara-based company announced it will release its financial results for the year ended December 31, 2024, after market close on March 24, 2025. This will be followed by a conference call at 5:00 p.m. ET.
The call will feature Jacob DeWitte, Co-Founder and Chief Executive Officer, and Craig Bealmear, Chief Financial Officer. Investors can join via webcast or phone.
Oklo’s recent stock decline follows reports of Microsoft canceling several data center leases, which led to market instability. However, Microsoft has dismissed reports of a business retraction.
The tech giant confirmed its plan to invest over $80 billion in infrastructure this fiscal year to meet growing customer demand. This suggests the market may have overreacted to the news about Microsoft.
Meanwhile, Oklo has announced its participation in the Department of Energy’s Voucher Program. This program aims to enhance manufacturing efficiencies and overall scalability.
The timing is strategic as Oklo works to accelerate the deployment of its commercial powerhouses. The company is developing fast fission power plants to provide clean and affordable energy.
Oklo went public in May through a merger with AltC Acquisition Corp. This special-purpose acquisition company was led by OpenAI CEO Sam Altman.
With 14 gigawatts of announced clients and partners, Oklo is well-positioned to address growing energy needs across various applications. The company’s technology is designed to be both sustainable and efficient.
The DOE’s Voucher Program will help Oklo test critical structural materials for its Aurora powerhouse. This facility is scheduled for installation at Idaho National Laboratory by 2027.
The Aurora powerhouse features a design that uses recycled nuclear fuel. It rarely requires refueling, potentially as little as once per decade.
It’s worth noting that the DOE isn’t giving funds directly to Oklo. Instead, funding will go to the DOE’s Oak Ridge National Laboratory, where testing will be conducted.
The program connects companies like Oklo with National Laboratories. This provides access to testing facilities, expert consultation, and analytical resources.
This approach allows Oklo to leverage existing infrastructure and expertise. The company avoids having to build these resources from scratch, which is crucial as Oklo does not yet generate revenue.
Analysts remain bullish
Analysts following the company remain bullish on the stock. B. Riley’s Ryan Pfingst has reiterated a Buy rating and increased the price target from $27 to $58.
Pfingst noted the projected deployment of 7 GW by 2040 and a favorable policy environment. Oklo is rated a “Strong Buy” overall, based on recommendations from four analysts.
The average price target for OKLO stock is $44.50. This represents a potential upside of 51.46% from current levels.
Oklo has received a site use permit from the U.S. Department of Energy. The company was also awarded fuel material from Idaho National Laboratory.
The company has submitted the first advanced fission custom combined license application to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies.
These developments are in collaboration with the U.S. Department of Energy and U.S. National Laboratories. The partnerships strengthen Oklo’s position in the advanced nuclear energy sector.
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