Latest news with #smallmodularreactors
Yahoo
2 days ago
- Business
- Yahoo
After Skyrocketing More Than 559% Over the Past Year, Can Oklo Stock Continue Powering Higher?
Oklo, a developer of small modular nuclear reactors, has seen its stock soar over the past year. Political support for the nuclear energy industry can benefit the company in the future. The growth of data centers and radioisotopic production are two trends that can contribute to Oklo's growth. 10 stocks we like better than Oklo › Amid the current renaissance in the nuclear energy industry, several stocks with exposure to this niche of the energy industry have logged considerable gains recently. Oklo (NYSE: OKLO), for example, has been on an absolute tear, soaring 559.6% as of this writing. And there's plenty of reasons to believe that the stock can continue to rocket even higher as enthusiasm for nuclear energy increases. While some growth stocks may log multibagger returns in a single year thanks to merely one catalyst, Oklo's gains stem from several factors. Investors bid the stock higher in late 2024 when the company announced that it had received letters of intent from two data center customers for the deployment of its Aurora powerhouse small modular reactors. In total, the potential deals can provide up to 750 megawatts in capacity across the United States. The company also announced a nonbinding agreement with Switch -- a company that provides artificial intelligence (AI), cloud, and enterprise data centers -- to deploy 12 gigawatts in Aurora powerhouse projects through 2044. The start of 2025 also proved to be fruitful for the stock. With Sam Altman's OpenAI announcing the Stargate Project in January, investors raced to purchase Oklo, recognizing that the OpenAI plan to develop data center infrastructure could be a potential boon for the company. More recently, the executive orders that President Donald Trump signed in May aimed at reinvigorating the nation's nuclear energy industry represented another catalyst for the stock. After decades of Washington's disinterest in development of the nuclear industry, the Trump administration is clearly enthusiastic about its potential. For prospective investors or current shareholders, it's reasonable to question whether the stock can continue its meteoric rise. Simply put, the answer is a resounding yes. With the extraordinary computing demands that generative AI is placing on data centers, AI companies are investing heavily in data center infrastructure. Research from Dell'Oro Group estimates that global spending is expected to soar from $430 billion on data centers in 2024 to $1.1 trillion by 2029. The interest that Oklo received last year from these developers will very likely extend through 2025 and beyond, helping to push the stock higher. The political goodwill toward the nuclear industry will also benefit the stock. In early June, for example, Oklo notched another victory when the U.S. Nuclear Regulatory Commission agreed to review a report from the company, which could receive regulatory approval for licensing operators for the company's Aurora powerhouse. Oklo's progress with its subsidiary Atomic Alchemy represents another factor that can lift the stock. In June, work began at a planned radioisotopic production facility in Idaho -- just one of what management expects will be numerous projects that will expand its capabilities in commercial radioisotope production. While not as widely discussed as data centers and AI, the market for radioisotopic production is expected to experience notable growth in the coming years. According to Credence Research, the market is projected to soar at an 89.7% compound annual growth rate from about $5.68 billion in 2024 to $953 billion in 2032. Before clicking the buy button on the stock, it's imperative for potential investors to recognize that there are bound to be bumps in the road. Disrupting an industry doesn't come without some volatility, and there's certainly no guarantee that Oklo will prosper as management imagines it will. So, only investors comfortable with the inherent risks should consider a position. Those who have the resolve to stick with Oklo through the ups and downs may find themselves looking at a stock that provides a considerable return. 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 $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Scott Levine 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. After Skyrocketing More Than 559% Over the Past Year, Can Oklo Stock Continue Powering Higher? was originally published by The Motley Fool
Globe and Mail
4 days ago
- Business
- Globe and Mail
Why NuScale Power Stock Rocketed 23.7% Higher in June
Key Points Small modular reactor developer NuScale Power has seen its stock soar over the past two months. Political support for nuclear energy is merely one factor pushing the stock higher. While enthusiasm for nuclear energy stocks remains high, only investors comfortable with a high-risk investment should remain interested in NuScale Power. After soaring 93% in May, some may have speculated that NuScale Power (NYSE: SMR) stock would have powered down in June and given back some of its gains. But they would have been greatly mistaken. Thanks to growing political support for nuclear power and the company in talks regarding potential deals with data center developers, investors felt motivated to buy small modular reactor (SMR) developer NuScale Power. According to data provided by S&P Global Market Intelligence, NuScale Power stock rose 23.7% in June. Orders out of Washington seek more nuclear -- and investors were listening Some of the enthusiasm behind NuScale Power's stock early in the month can be attributed to President Donald Trump's executive orders from May 23 meant to reinvigorate growth in the nuclear energy industry. Specifically, the orders intend to spur expeditious installation of "advanced nuclear technologies to support national security objectives, including powering artificial intelligence (AI) computing infrastructure and national security installations." The Nuclear Regulatory Commission's approval of a second design for the company's SMR represented another catalyst for the stock's rise in late May. NuScale Power proclaims itself as the only SMR company with approval from the Nuclear Regulatory Commission. With the approval in late May, two designs are now approved: a 50 megawatt power module and a 77 megawatt power module. Bulls continued the buying activity early in the month upon learning of the company's apparent progress toward inking a deal with a top hyperscaler customer. In speaking with Axios Pro on June 5, NuScale Power's CEO John Hopkins stated that the company is in talks with several "Tier 1" hyperscalers that are interested in purchasing power from the company. Hyperscaler companies are making massive investments to support data centers that are specifically suited for AI -- and many are partnering with SMR companies. Alphabet, for example, signed a deal with SMR developer Kairos, while SMR developer Oklo inked deals with several data center developers last year as well. Is it too late to power your portfolio with NuScale Power stock? It's clear that enthusiasm for NuScale Power has been extraordinarily strong lately. What's not so clear, however, is whether the company will be able to fulfill its promise of helping to facilitate the nation's nuclear energy renaissance. The company is sure to experience some volatility as it continues its plight, so only investors with ample tolerance for risk should consider a position at this point. For those interested in a more conservative approach, a nuclear energy-focused exchange-traded fund may be a better choice. Should you invest $1,000 in NuScale Power right now? Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NuScale Power 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 $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor 's total average return is1,060% — a market-crushing outperformance compared to180%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 June 30, 2025
Yahoo
26-06-2025
- Business
- Yahoo
Can Oklo Stock Hit $75 in 2025?
Nuclear energy provider Oklo (OKLO), which made its public debut just last year through a special purpose acquisition company (SPAC) merger, is certainly reaping the benefits from the increased interest in nuclear power as artificial intelligence (AI) and data center operations create an excess demand for electricity. In fact, the stock just landed a fresh Street-high price target this month, signaling growing conviction in its long-term potential. After Oklo won an important government contract to power an Air Force base in Alaska, Wedbush analysts raised the price target on the company's stock from $55 to a Street-high price target of $75. Wedbush sees significant potential in Oklo to leverage the growing demand for clean energy. They see the startup as a 'clear leader' in this field on the basis of its business model. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Oklo shares recently touched a new 52-week high of $73.55, just below the Street-high target, but have since pulled back to the $55 level. Founded in 2013, California-based Oklo (OKLO) focuses on small modular reactors (SMRs), which it is working to ramp to commercial operations. Oklo has a market cap of around $7.8 billion. Unlike conventional nuclear reactors, which sell power to utility companies, Oklo plans to directly operate its microreactors and sell power directly to customers, which are expected to provide recurring revenues and greater flexibility in deploying nuclear power. Although Oklo is still a pre-revenue company, the company's stock has been skyrocketing recently as nuclear power gains traction. Over the past 52 weeks, the stock has surged by a whopping 528%. In 2025 alone, Oklo's shares are up an impressive 165%. On May 13, Oklo reported its first quarter results. As already stated, the company is not generating any revenues at the moment. The company reported that total operating expenses were $17.9 million, which was subsequently its loss from operations. This was mainly due to payroll and professional fees. Expenses also included approximately $2.3 million of non-cash stock-based compensation. Its net loss narrowed from $24 million to $9.8 million year-over-year. The net loss per share dropped from $0.34 to $0.07, which was better than the $0.10 loss per share that Wall Street analysts were expecting. Moreover, Oklo doesn't seem to be having trouble generating cash at the moment. As of the end of Q1, the company's cash and marketable securities totaled $260.7 million. Oklo is extremely optimistic about its operations. The company initiated Phase 1 of its pre-application readiness assessment for the Aurora-INL Powerhouse Combined License Application (COLA) with the U.S. Nuclear Regulatory Commission (NRC). Additionally, Oklo achieved eligibility to pursue contracts under the Advanced Nuclear Power for Installations (ANPI), a U.S. Department of Defense (DOD) program that facilitates the deployment of nuclear power. This eligibility opens up the possibility for near-term deployments of Oklo's offerings on defense installations. The company also added a potential revenue stream by acquiring Atomic Alchemy, a company specializing in the production of radioisotopes for use in chip manufacturing (particularly for AI), national defense, medical, and industrial applications. These developments, combined with heightened interest in nuclear power for energy generation and a flurry of supportive executive orders, position the company for growth in the near term. Barring unforeseen circumstances, Oklo aims to achieve active plant operations starting from late 2027 or early 2028. Apart from Wedbush's Street-high target, Seaport Global's Jeff Campbell also turned bullish on Oklo, upgrading the stock from 'Neutral' to 'Buy' and assigning a fresh $71 price target, showing significant confidence about the company's growth prospects. William Blair also initiated coverage of Oklo with an 'Outperform' rating. William Blair analysts, led by Jed Dorsheimer, believe that the company is a 'standout' in the nuclear industry due to its unique business model and see it well-positioned to benefit from increasing electricity prices, as hyperscalers look to sign power purchase agreements. H.C. Wainwright also initiated coverage of Oklo with a 'Buy' rating, giving it a price target of $55. Oklo is earning high marks on Wall Street, with analysts awarding it a consensus 'Moderate Buy' rating. Of the nine analysts covering the stock, five analysts have rated it a 'Strong Buy,' one suggests a 'Moderate Buy,' and three analysts are playing it safe with a 'Hold' rating. The consensus price target of $60.28 represents 9% upside potential. However, Wedbush's Street-high price target of $75 indicates 36% upside. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
21-06-2025
- Business
- Yahoo
3 Stocks to Profit From the Upcoming Nuclear Power Boom
NuScale Power is a leading developer of small modular reactors, which offer a variety of benefits compared to traditional nuclear power plants. Those interested in a utility stock will find Constellation Energy, the largest provider of nuclear power in the United States, an appealing option. Cameco is a uranium mining leader that has the potential to benefit from growth in small modular reactors. 10 stocks we like better than NuScale Power › President Donald Trump, committed to facilitating a rebirth of America's nuclear energy industry, issued four executive orders in late May. From expediting the licensing process for nuclear reactors to examining the potential for nuclear fuel recycling, Trump addressed a range of issues that had hindered the industry's growth for years. With enthusiasm for the nuclear energy industry surging through Washington, many are eager to find stocks that can benefit from the industry's apparent renaissance. For these investors, NuScale Power (NYSE: SMR), Constellation Energy (NASDAQ: CEG), and Cameco (NYSE: CCJ) look like smart choices to power their portfolios. Long gone are the days of massive nuclear power plants that require enormous capital investments and take years to construct. Nowadays, companies like NuScale Power are developing small modular reactors (SMRs) that offer a variety of advantages over conventional nuclear power plants. For one, SMRs require considerably smaller footprints, making them more attractive to project developers, which can scale these reactors to their individual site's needs. And SMRs have improved safety profiles including the ability to shut down and self-cool indefinitely, unlike traditional nuclear power plants. Among other advantages, NuScale's SMRs are built in a factory, which helps to keep costs down and expedite project development. With $491 million in cash and no debt, the company is on strong financial footing, an appealing situation for those looking to balance a quality growth stock that's not rife with risk. To state its competitive advantage over other SMR providers, NuScale Power says that it's the only near-term deployable SMR company with design approval from the U.S. Nuclear Regulatory Commission. While Constellation Energy's portfolio includes about 10 gigawatts (GWs) of natural gas, oil, hydroelectric, wind, and solar generation assets, it's nuclear energy that represents the lion's share of its generating capacity -- about 21 GWs, or enough power to meet the demands of 16 million homes. The company's nuclear assets caught the attention of Microsoft in 2024, and the two inked a 20-year power purchase agreement (PPA) that will see the tech company purchase power in support of its data centers, generated from the restart of operations at the Three Mile Island plant, now dubbed the Crane Clean Energy Center. More recently, Meta Platforms showed its enthusiasm for nuclear energy as a power source for its growing AI-related operations. Earlier this month, Meta and Constellation signed a 20-year PPA for nuclear energy that will be generated at the Clinton Clean Energy Center in Illinois. The deals that Constellation inked with Microsoft and Meta are merely two small examples of the vast investments that AI companies are making to support their data centers. And it wouldn't be all that surprising if Constellation Energy announces similar deals with AI leaders that recognize the allure of nuclear energy as a route to meeting the steep power demands that AI computing requires. Interest in developing new nuclear power plants is great, but it means little if there's no uranium to fuel said power plants. That's where Cameco comes in. The company is the largest uranium producer based on market capitalization found on American stock exchanges. Operating throughout the nuclear fuel value chain, Cameco is involved in exploratory activities as well as uranium refining and fuel manufacturing services. And with one of President Trump's executive orders stating specifically that "It is the policy of the United States to expedite and promote to the fullest possible extent the production and operation of nuclear energy..." Cameco clearly stands to benefit as the pathway for developing uranium assets, and other potential regulatory hurdles may be less burdensome now. In 2024, Cameco reported uranium production of 23.4 million pounds, and it has ample resources to ensure production for years to come. As of the end of 2024, for example, the company reported 457 million pounds of proven and probable reserves. It's also worth noting that Cameco has the potential to profit from the growth of SMR producers like Kairos Power and TerraPower that use high-assay low-enriched uranium (HALEU) as a fuel source. Cameco also has a 49% ownership stake in Global Laser Enrichment, which has the ability to produce HALEU. Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NuScale Power 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy, Meta Platforms, and Microsoft. The Motley Fool recommends Cameco and NuScale Power and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 3 Stocks to Profit From the Upcoming Nuclear Power Boom was originally published by The Motley Fool 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
15-06-2025
- Business
- Yahoo
Why NuScale Power Stock Soared This Week
NuScale Power stock is up because of an executive order and a press release from a sector peer. The company does not generate any revenue. At a market cap of $11 billion with zero revenue, the stock is overvalued. 10 stocks we like better than NuScale Power › Shares of NuScale Power (NYSE: SMR) soared again this week, up 12.9% as of market close on Friday, June 13, according to data from S&P Global Market Intelligence. The nuclear energy start-up now has a market cap of $11 billion and zero revenue, with the stock up 364% in the last 12 months. Traders are getting optimistic on this group of stocks because of press releases and executive orders from the President of the United States. Here's why NuScale Power stock was soaring yet again this week. Sentiment around nuclear power has taken a 180-degree turn. With rising demand for electricity because of data centers, artificial intelligence (AI), and electric vehicles, companies and utilities are searching for more clean fuels to provide electricity. Nuclear power is a great option for this. In order to spur demand, President Trump signed an executive order aimed at boosting nuclear energy capacity in the United States and reducing red tape for regulations. This helped boost NuScale Power stock, which is a pre-revenue company trying to develop and sell nuclear power plant designs that are small modular reactors. This week, Oklo -- another nuclear energy start-up -- put out a press release about a deal to potentially provide nuclear power at an Air Force base in Alaska, although curiously, this same press release was put out in 2023 with little change. The release was done ahead of a stock offering, and sent shares of Oklo and other nuclear energy peers soaring, including NuScale Power. Nothing much changed about NuScale Power's business this week. In fact, it does not have much of a business to begin with. The company is aiming to build a disruptive small modular nuclear energy design that has been approved by the Nuclear Regulatory Commission (NRC), but no projects are slated to come online until 2030 at the earliest. Existing contracts in Utah were delayed and eventually altogether cancelled because of cost overruns. This is not a good sign for the viability of NuScale Power's technology, and should have investors wary about investing in the stock. This is a company that does not generate revenue, trading at a market cap of $11 billion. It won't generate any revenue for years. Smart long-term investors will avoid adding NuScale Power stock to their portfolios. Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NuScale Power 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 $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy. Why NuScale Power Stock Soared This Week was originally published by The Motley Fool 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
