Key Takeaways
- Daniel Ives from Wedbush maintains an Outperform stance on OKLO with a $110 price objective, suggesting approximately 65% potential gains from present prices.
- The nuclear technology company received selection from the Department of Energy for advanced-stage negotiations within the Surplus Plutonium Utilization Program.
- Bank of America resumed analyst coverage on May 22 with a Buy recommendation and $80 price objective, emphasizing the company’s integrated business approach.
- The company secured a 1.2 GWe firm power purchase agreement with Meta alongside a development pipeline exceeding 14 GWe in preliminary agreements.
- Analyst consensus points to a Moderate Buy rating with an average $90.07 price objective, derived from 11 Buy and 7 Hold recommendations.
Shares of Oklo (OKLO) are capturing increased analyst interest, with Wedbush’s Daniel Ives establishing a $110 price objective that signals potential gains of approximately 65% over the coming year. Current trading levels hover near $66 per share.
Ives, positioned within the top 3% of industry analysts, assigns an Outperform rating to OKLO. His optimistic outlook emphasizes the company’s integrated approach to building, owning, and operating nuclear facilities, which he believes generates consistent revenue opportunities and streamlines the regulatory approval process.
The recent upgrade follows news that the Department of Energy selected the company for advanced-stage discussions under its Surplus Plutonium Utilization Program. The agency chose four additional advanced nuclear technology firms alongside Oklo.
This initiative seeks to transform excess weapons-grade plutonium into usable reactor fuel for next-generation nuclear systems. Through this program, Oklo will collaborate with Newcleo — with Oklo managing plutonium conversion while Newcleo contributes fuel manufacturing capabilities and as much as $2 billion in project financing.
Ives characterized the DOE designation as official governmental endorsement of the Newcleo collaboration initially revealed in October 2025. This development establishes a fourth fuel sourcing avenue for the company, complementing HALEU enrichment capabilities, spent fuel reprocessing, and the A3F fabrication initiative.
However, Ives maintained a balanced perspective. He characterized the government announcement as complementary to the company’s fuel acquisition strategy rather than an immediate commercial breakthrough, emphasizing that binding contracts and regulatory clearances remain outstanding.
Bank of America Returns With Bullish Outlook
Bank of America analyst Rinny Singh reestablished coverage on May 22 with a Buy recommendation and an $80 price objective. This target indicates potential appreciation exceeding 17% from present trading levels.
The investment bank emphasized the company’s end-to-end operational model as a competitive differentiator in the small modular reactor marketplace. BofA also referenced the 1.2 GWe firm power purchase agreement executed with Meta in January as demonstration of genuine market engagement.
The broader customer pipeline encompasses more than 14 GWe through preliminary customer commitments, positioning the firm among the leading participants in the developing SMR industry by contracted capacity.
Timeline and Future Milestones
The inaugural Aurora reactor installation at Idaho National Laboratory remains scheduled for late 2027 through early 2028. Additionally, the organization is working toward a July 4, 2026 criticality achievement — representing the planned initial controlled self-sustaining fission reaction.
Ives clarified that the recent DOE development doesn’t modify this schedule. Nevertheless, he observed that effective transformation of surplus plutonium into transitional fuel could mitigate fuel supply constraints for those early installations, assuming finalized agreements.
Consensus analyst sentiment reflects a Moderate Buy position, comprising 11 Buy and 7 Hold recommendations. The mean price objective stands at $90.07, indicating roughly 35% appreciation potential from current market prices.
The expanding artificial intelligence infrastructure landscape is driving demand for dependable large-scale power generation, and the company’s existing partnerships with cloud computing giants like Meta demonstrate its ability to address this emerging market need.
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