Oklo Stock: Top Analyst Hikes Price Target by 90% as Nuclear Energy Gains Momentum

TLDR

Table of Contents

Wedbush analyst Daniel Ives raised Oklo’s price target 90% from $80 to $150, maintaining an Outperform rating
Oklo stock jumped 29% Friday and is up 537% year-to-date, trading at $135.23
Company announced $1.68 billion investment to build nuclear fuel recycling facility in Tennessee
Trump administration selected Oklo for Nuclear Reactor Pilot Program projects
UK’s two-year licensing timeline acceleration benefits Oklo’s small modular reactor deployment

Oklo Inc. shares surged nearly 29% on Friday and continued climbing in after-hours trading. The nuclear fission company has posted gains of 537% year-to-date.

Trading at $135.23, Oklo stock has risen over 1,500% in the past year. The company broke out of consolidation in early September and went parabolic following major announcements.

Wedbush analyst Daniel Ives raised his price target for Oklo to $150 from $80 in a Sunday note. This represents a 90% increase from his previous target.

Ives maintained his Outperform rating on the stock. He cited growing confidence in the company’s nuclear growth strategy.

The analyst’s bullish stance follows meetings in Washington D.C. last week. These discussions reinforced his view that nuclear energy support is accelerating.

“Our time spent in the Beltway last week with meetings on the Hill gave us incremental confidence that the push for nuclear energy in the US is now underway,” Ives wrote.

Government Support Drives Growth

The Trump administration has selected Oklo for multiple projects under the new Nuclear Reactor Pilot Program. The company received initial selection for two projects directly.

Oklo also secured one project through its Atomic Alchemy subsidiary. This government backing positions the company as a primary beneficiary of increased federal nuclear support.

The recent Trump Administration Executive Order on nuclear energy marks what Wedbush calls “just the start” of increased nuclear focus. Oklo stands to benefit from this policy shift through spending increases and regulatory approvals.

Ives believes this government support will accelerate growth opportunities. The company remains classified as a core holding on Wedbush’s “IVES AI 30” list.

International Expansion Opportunities

Major U.S. tech companies are increasing data center investments in the UK. Google, OpenAI, and CoreWeave are among the firms expanding their UK operations.

The UK recently cut its licensing timeline for nuclear projects to two years. This represents a major acceleration for companies deploying small modular reactors.

Ives sees this timeline reduction as particularly beneficial for Oklo. The company’s SMR technology could capitalize on this streamlined approval process.

The UK market expansion comes as AI data centers drive increased demand for clean, reliable power. Nuclear energy provides both attributes that traditional power sources struggle to match consistently.

Tennessee Facility Investment

Oklo announced plans for a $1.68 billion investment in Tennessee. The company will build and operate a fuel recycling facility in Oak Ridge.

This facility represents the first phase of an advanced fuel center. The project will produce high-assay low enriched uranium fuel.

The Tennessee facility is expected to create over 800 jobs. Construction will support the company’s broader nuclear fuel strategy.

This investment follows Oklo’s updated equity offering allowing sales of up to $140 million in new shares. The company previously raised approximately $400 million in gross proceeds.

Retail sentiment toward Oklo stock remained “extremely bullish” with a 76/100 rating. The stock ranked among the top five trending equity tickers on Stocktwits late Sunday, with message volume up 750% over seven days.

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