TLDR
- Oklo (OKLO) stock surged 1,195% in 52 weeks and 229% year-to-date, crushing Russell 2000 performance
- Company announced $1.68 billion Tennessee nuclear fuel recycling facility, first private U.S. plant of its kind
- Q2 2025 results showed -$0.18 EPS miss versus -$0.11 estimate, with zero revenue due to pre-commercial status
- Strong balance sheet with $683 million cash reserves supports operations through at least next 12 months
- Tennessee facility operations expected early 2030s, Aurora reactor commercial launch targeted late 2027
Oklo has made waves in the nuclear energy sector with its groundbreaking announcement of a $1.68 billion fuel recycling facility in Tennessee. This project marks the first private nuclear fuel recycling plant in United States history.
The stock has delivered exceptional returns for investors this year. OKLO shares have skyrocketed 1,195% over the past 52 weeks and gained 229% year-to-date. This performance far exceeds the Russell 2000 index, which has only managed a 7.2% year-to-date increase.
Recent trading activity shows some volatility. Shares declined 1% over five days and dropped 3% for the month. However, the six-month performance still shows a robust 178% gain.
The Tennessee facility will convert spent nuclear fuel into usable fuel for Oklo’s advanced small modular reactors. Operations are scheduled to begin in the early 2030s. The company has completed licensing plans with the Nuclear Regulatory Commission and entered pre-application discussions.
Financial Results Reflect Pre-Commercial Nature
Oklo’s second quarter earnings highlighted its development-stage status. The company reported earnings per share of -$0.18, missing analyst expectations of -$0.11. No revenue was generated during the quarter due to the pre-commercial nature of operations.
The company posted a GAAP net loss of $24.7 million, showing slight improvement from the previous year. Operating losses expanded to $28.0 million year-over-year, driven by increased research and development expenses.
Cash and marketable securities reached $683 million, exceeding market forecasts following a recent public offering. The company consumed $30.7 million in cash during the first half of 2025. Total assets stand at $731.1 million with limited liabilities.
Management reaffirmed annual cash usage guidance of $65 to $80 million. The company maintains sufficient funding to operate for at least the next 12 months while advancing its Aurora reactor development.
Market Opportunity Drives Investor Interest
The nuclear fuel recycling market represents enormous potential. Over 94,000 metric tons of used nuclear fuel are stored across U.S. plants. Recycling this waste could unlock energy equivalent to 1.3 trillion barrels of oil.
CEO Jacob DeWitte emphasized the importance of scaling nuclear fuel recycling. This approach could reduce costs, secure supply chains, and enable advanced nuclear power deployment for clean energy generation.
Partnership with Tennessee Valley Authority
Oklo is engaging with the Tennessee Valley Authority to recycle waste from TVA’s nuclear plants. The partnership may also include electricity sales from Oklo’s planned Aurora Powerhouse reactor.
Recent options trading activity around OKLO stock reflects bullish market sentiment. The technical sentiment signal currently indicates a “Buy” rating despite ongoing regulatory challenges.
The company’s market cap has reached $10.89 billion with average trading volume of 17.4 million shares. Commercial operations for the Aurora reactor are targeted for late 2027 or early 2028, supported by regulatory progress and strategic partnerships.
