Oklo

OKLO

Market cap $16.4B

Oklo disclosed a $1.5 billion at-the-market equity offering, allowing the company to sell shares over time at its discretion. Oklo remains pre-revenue and faces significant hurdles before it can commercialize its small modular reactor technology.

Oklo is a top energy stock that's on the cutting edge of nuclear technology. The company has investments from the U.S. government and international nuclear power companies.

Oklo Inc (NYSE: OKLO) is emerging as one of the most strategically positioned players in advanced nuclear, driven by its regulatory head start, diversified fuel strategy, and growing demand from hyperscalers.

Oklo is a nuclear power start-up that designs small, compact reactors. Its stock has soared on the view that Oklo could to be a major source of power for AI.

Oklo, Inc. (NYSE: OKLO) stock dropped in Thursday's extended trading after the company entered into an equity distribution agreement to offer up to $1.5 billion of common stock.

NVIDIA Corp. (NASDAQ: NVDA) CEO Jensen Huang appeared Wednesday on “The Joe Rogan Experience" podcast and delivered a strong validation of the nuclear sector.

Nuclear energy startups Oklo and Nano Nuclear Energy are designing microreactors that could provide on-site power to AI data centers. Constellation is a blue chip utility with the largest nuclear reactor fleet in the U.S. Bloom Energy is building a novel energy technology.

The nuclear energy companies, which include the likes of reactor innovator Oklo (NASDAQ:OKLO) and Canadian uranium producer Cameco (NYSE:CCJ), have been a pretty popular way to bet on the great AI race without betting on the technological innovators themselves.

UBS upgraded its Oklo stock price target today. UBS says Oklo might be worth $95 a share -- and you still shouldn't buy it.

Investors need to be careful if they place early bets on startup companies seeking to provide nuclear-generated electricity for data centers, according to Paul Wick of Columbia Threadneedle Investments.