Latest news with #AuroraPowerhouse
Yahoo
4 days ago
- Business
- Yahoo
Why Oklo Stock Popped on Thursday
Key Points Oklo announced it has completed a "pre-application readiness assessment" for its first NRC reactor license. The company plans to file its application for a license for Phase 1 of its construction plan later this year. Oklo anticipates getting the reactor on line and generating revenue in 2027. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) stock jumped 4% through 1:20 p.m. ET Thursday after the small nuclear reactor-builder announced it has completed its Nuclear Regulatory Commission (NRC) "pre-application readiness assessment" for the first part of a combined license application (COLA) to build its "Aurora powerhouse" at Idaho National Laboratory (INL). What does this mean? Translated into English, this means Oklo is one step closer to building a small modular reactor at INL. More precisely, it's one step closer to being able to apply for permission to build said reactor. (Whether NRC deems the application worthy of approval remains to be seen.) Put this way, it's less of a needle-mover for the stock, but as Oklo CEO Jacob DeWitte explained, it does indicate that NRC thinks Oklo is on track to file an application with a decent chance of getting it approved. The next step for Oklo along this journey to approval (now underway for nearly a decade) will be to submit its COLA application, and that should happen later this year. Is Oklo stock a buy? Oklo's still a long way away from becoming a viable business, although it's 10 years closer than when it started. Long term, the company intends to build reactors in-house, place them on sites near its customers, then operate the reactors and supply power, charging for electricity much in the same way an ordinary electric utility does. If all goes as planned, the company's first reactor will go online in 2027, and the company will begin generating revenue that year. Oklo won't turn profitable until 2030, however, according to analysts. Whether the stock is a "buy" at its current $10 billion market cap depends very much on how much profit it will generate that year, and in all the years to come. Should you invest $1,000 in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Oklo Stock Popped on Thursday was originally published by The Motley Fool
Business Wire
17-06-2025
- Business
- Business Wire
Oklo's Atomic Alchemy Begins Site Characterization Work at Idaho National Laboratory
IDAHO FALLS, Idaho--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that its subsidiary Atomic Alchemy Inc. ('Atomic Alchemy') has commenced site characterization work at a potential location for a commercial radioisotope production facility in Idaho, at the Idaho National Laboratory (INL). This milestone builds on Atomic Alchemy's progress with prior approvals and agreements, including a Memorandum of Understanding secured in 2020 with the U.S. Department of Energy Idaho Operations Office (DOE-ID) to identify a suitable location to site the project at INL, as well as a license in late November that authorized initial site characterization activities. The site characterization activities include core borings to collect soil and rock samples that will provide essential data on subsurface composition and ensure that the production facility meets stringent safety and building code requirements while supporting the design of a robust structural foundation. 'This milestone reflects the incredible partnership between INL, DOE, and Atomic Alchemy,' said Thomas Eiden, Founder and CEO of Atomic Alchemy. 'We're proud to advance a reliable domestic supply of essential radioisotopes and help restore U.S. leadership in this critical field.' Atomic Alchemy is establishing one of the most advanced radioisotope production sites in the world, positioning the U.S. at the forefront of next-generation nuclear technology. The world is facing a shortage of many critical radioisotopes. These materials are vital for life-saving diagnostics, targeted cancer therapies, AI chip manufacturing, national security, and advanced R&D. Radioisotopes are expected to represent a $55.7 billion market opportunity by 2026, according to Research Nester, and demand is projected to increase significantly over the next decade. 'Oklo aims to address this growing market demand through reliable, U.S.-based radioisotope production facilities that leverage our nuclear reactor and fuel recycling technologies,' said Jacob DeWitte, Co-Founder and CEO of Oklo. 'Through Atomic Alchemy, we aim to execute transformative projects that will expand our capabilities in commercial radioisotope production.' The site characterization activities for Atomic Alchemy's radioisotope facility build on the recent DOE approval of site characterization activities for Oklo's Aurora Powerhouse project in Idaho, underscoring continued momentum in the development of advanced nuclear facilities. About Idaho National Laboratory Battelle Energy Alliance manages INL for the U.S. Department of Energy's Office of Nuclear Energy. INL is the nation's center for nuclear energy research and development and also performs research in each of DOE's strategic goal areas: energy, national security, science, and the environment. For more information, visit About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories. About Atomic Alchemy Inc.: Atomic Alchemy Inc. is pioneering a resilient U.S.-based radioisotope supply chain to meet essential demands across healthcare, industry, research, and defense. With its proprietary VIPR® technology, Atomic Alchemy is building the first scalable production facility to provide a reliable, sustainable source of high-value radioisotopes. Using a vertically integrated model and fuel recycling, in partnership with Oklo, Atomic Alchemy is transforming isotope production to address global shortages, support critical applications, and strengthen national security. Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'can,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the proposed acquisition, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the development and deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the potential need for financing to construct plants; market, financial, political and legal conditions; the effects of competition; risks related to accessing HALEU and recycled fuels; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations; the outcome of any government and regulatory proceedings and investigations and inquiries; the risk that the acquisition of Atomic Alchemy fails to produce the expected benefits; and those factors in the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Yahoo
14-06-2025
- Business
- Yahoo
Oklo Inc (OKLO) – Jumps 30% After New Government Deal
We recently published a list of . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks on Wednesday. Oklo Inc. soared by 29.48 percent on Wednesday to finish at $68.03 apiece after it was selected by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska. In a statement, Oklo Inc. (NYSE:OKLO) said the project serves as the Department of the Air Force's (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure. Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska. 'This Notice of Intent to Award reflects continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure,' said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte. An aerial view of a power plant, symbolizing the company's investments in energy infrastructure sector. 'We are honored to support national defense resilience objectives while demonstrating the value of U.S.-pioneered fast reactor technology,' he added. Overall, OKLO ranks 1st on our list of best-performing stocks on Wednesday. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Beware of OKLO Stock as Executive Orders Ignite Nuclear Sector
Nuclear reactor developer Oklo (OKLO) has experienced a share price increase of over 35% in recent days, following an executive order issued by President Trump. The order aims to strengthen the U.S. nuclear energy industry by prioritizing the development of new reactors and increasing domestic uranium production to enhance energy security, particularly in response to the projected rise in electricity demand from AI-driven data centers. The emphasis on more cost-effective and scalable small modular reactors (SMRs) aligns closely with Oklo's Aurora Powerhouse initiative. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In addition, the company reported a strong first quarter for 2025, surpassing analyst expectations with a smaller-than-expected loss. Although still pre-revenue, Oklo is demonstrating sound financial management and making meaningful operational progress toward its planned commercial launch in 2026. With global demand for clean and dependable energy continuing to rise, Oklo is strategically positioned to contribute to this evolving sector through its innovative technology and growing network of partnerships. That said, the recent surge in share price appears to have already priced in much of this optimism. I currently maintain a neutral stance on the stock in the near term and prefer to monitor developments as the company approaches revenue generation. In the first quarter, Oklo reported no revenue, as expected at this stage of its development. However, the company posted a net loss of $0.07 per share, which came in ahead of analyst expectations ranging from $0.08 to $0.10 per share and marked a significant improvement from the $4.79 per share loss reported in the same quarter last year. The company continues to demonstrate disciplined cash management, with $12.2 million used in operations during the quarter. Management reaffirmed its full-year cash burn guidance of $65 million to $80 million. Oklo remains in a strong financial position, ending the quarter with $261 million in cash and no debt, providing a solid runway as it progresses toward its anticipated first revenues in early to mid-2026. Oklo has recently made progress on several fronts. Its flagship Aurora powerhouse project at the Idaho National Laboratory continued to advance through the regulatory process, recently securing key environmental and site-use permits. Licensing activities with the Nuclear Regulatory Commission also progressed, with fuel facility safety reviews moving forward. The company's acquisition of Atomic Alchemy potentially diversifies Oklo's future revenue streams by allowing it to produce and sell high-value radioisotopes alongside its core energy business. The acquisition also establishes a more reliable domestic supply chain for critical materials, reducing dependence on foreign sources and addressing shortages in healthcare, research, and industrial sectors. Oklo was recently selected as one of just eight qualified vendors for the U.S. Department of Defense's Advanced Nuclear Power program. This positions it for potential defense contracts, an important market segment for advanced nuclear technology. The company also highlighted its landmark non-binding Master Power Agreement with Switch, a major data center operator. This agreement, which could deploy up to 12 gigawatts of advanced nuclear power through 2044, represents one of the more significant corporate clean power agreements in the industry and firmly positions Oklo as a key power provider for AI and cloud infrastructure. Further, the company recently established a strategic partnership with RPower to develop a phased power model for data centers. This collaboration addresses the rapidly growing demand for efficient and flexible energy solutions to power computationally intensive AI applications. Finally, in April, Oklo announced that Sam Altman, CEO of OpenAI and an Oklo investor, would step down as board chair. With Altman's departure from the Oklo board, removing conflicts of interest, a power agreement between Oklo and OpenAI seems increasingly likely. Such a partnership would provide strong validation for Oklo's technology and could accelerate its growth trajectory. Looking ahead, Oklo remains committed to advancing its Aurora Powerhouse through the regulatory approval process, with construction slated to begin once all necessary permits are secured. The company continues to target initial revenue generation in the early to mid-2026 timeframe. A major strategic priority is expanding Oklo's customer pipeline, which now exceeds 14 gigawatts in potential demand. The company is actively pursuing long-term power purchase agreements with data centers, industrial operators, and defense installations—sectors characterized by increasing needs for clean, reliable energy. Oklo's build-own-operate business model is designed to deliver recurring revenue with attractive margins by deploying scalable, modular reactor technology. This differentiated approach stands in contrast to traditional nuclear projects and may offer enhanced financial predictability and return on investment once commercial operations commence. OKLO stock carries a Moderate Buy consensus rating based on five Buy, three Hold, and zero Sell ratings over the past three months. OKLO's average stock price target of $54.40 implies less than 1% upside potential over the next twelve months. Analysts following the company have had mixed reactions to recent developments. Wedbush analyst Daniel Ives increased Oklo's price target to $55, emphasizing the potential boost from executive orders by Donald Trump. This support could accelerate Oklo's timeline for regulatory approvals and commercial plant deployment, with expectations of increased federal funding and streamlined processes. Conversely, BTIG analyst Gregory Lewis and Citi analyst Vikram Bagri maintain a Hold rating on Oklo, highlighting ongoing regulatory challenges and reliance on limited HALEU fuel sources. While recent executive orders have provided positive momentum, these analysts note that Oklo's long-term potential is being hindered by current uncertainties and operational hurdles, suggesting that the market has already factored in much of the recent optimism. There is a lot to like about an opportunity to invest in a leader in the clean energy transition, and Oklo offers exposure to the growth of advanced nuclear energy, as well as the significant increase in power demand from AI infrastructure. The company's narrowing losses, strong partnerships, and strategic positioning suggest it may be well-positioned to capitalize on these converging opportunities as it approaches commercialization in 2026. However, investors should recognize that the company remains pre-revenue, with first commercial operations still approximately a year away. Regulatory uncertainty and potential timeline slippage represent key risks, as does the competitive landscape in advanced nuclear technology. Oklo is an investment suitable for investors with a high risk tolerance and a long-term investment horizon. Its recent performance indicates growing market confidence in its ability to deliver on its targets. However, volatility is likely to persist in the short term, and I prefer to remain on the sidelines until the firm is closer to commercialization. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Reuters
27-05-2025
- Business
- Reuters
Oklo, South Korea's KHNP enter into agreement to develop Aurora nuclear facility
May 27 (Reuters) - Nuclear technology company Oklo (OKLO.N), opens new tab said on Tuesday it has signed a memorandum of understanding (MOU) with South Korea's nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) to develop Oklo's planned Aurora powerhouse. Shares of Oklo were up 1.9% at $49.71 in morning trade. Oklo also said the MOU outlines plans to collaborate on the development and deployment of its advanced nuclear technology globally. Nuclear companies are in high demand as the industry is considered to be a cleaner source of fuel and more reliable than wind or solar energy. U.S. President Donald Trump on Friday signed executive orders seeking to jumpstart the nuclear industry where the orders direct the nation's independent nuclear regulatory commission to cut down on regulations and fast-track new licenses for reactors and power plants. Oklo said it plans to deploy its 75 megawatt electric (MWe) Aurora powerhouse, a neutron fission-reactor designed for providing clean and affordable energy to industries including data centers. The facility is located at the Idaho National Laboratory site. The company is currently advancing through the licensing process and expects to complete it later this year. The Aurora powerhouse, through its nuclear technology, needs to be refueled once every 10 years or more, unlike traditional reactors where one-third of the reactor core is changed every 1 to 2 years, and is expected to have lower costs. The Sam Altman-backed Oklo said under the agreement it will collectively work, with the South Korean nuclear operation and construction company, towards development and verification of the Aurora powerhouse.
