TLDR
- Oklo stock reached all-time high of $92.48, up over 1,300% in past year
- Company investing $1.68 billion in Tennessee nuclear fuel recycling facility
- US-UK nuclear cooperation agreement boosts sector-wide investor interest
- BofA Securities rates stock as Buy with $92 price target
- Market cap now stands at $12.91 billion with strong momentum indicators
Oklo stock soared to a new all-time high of $92.48 on Monday, extending an incredible rally that has delivered over 1,300% gains in the past year. The advanced nuclear technology company closed trading up 14.87% at $95.01.
The nuclear energy sector received a boost from a new cooperation agreement between the United States and United Kingdom. The US Nuclear Regulatory Commission signed a refreshed memorandum of understanding with the UK’s Office for Nuclear Regulation to streamline advanced reactor deployment.
This regulatory framework could accelerate market opportunities for nuclear technology companies like Oklo. The stock’s 52-week range now spans from $6.08 to $92.48, showcasing the dramatic transformation in investor sentiment.
$1.68 Billion Tennessee Investment
Oklo’s latest surge follows the September 4 announcement of plans for a $1.68 billion advanced fuel recycling center in Oak Ridge, Tennessee. The facility will recycle used nuclear fuel into high-assay low enriched uranium (HALEU) fuel.
The Tennessee project expects to create over 800 jobs while establishing a domestic fuel supply chain. This vertical integration strategy could provide Oklo with greater control over critical fuel resources for its Aurora powerhouse technology.
The company has updated its equity offering to allow sales of up to $140 million in new shares. Oklo previously generated approximately $400 million in gross proceeds from earlier share offerings.
Strategic Partnerships Drive Growth
Federal support materialized when Oklo was selected for three projects under the U.S. Department of Energy’s Reactor Pilot Program. This government backing validates the company’s advanced reactor designs and commercialization timeline.
BofA Securities initiated coverage with a Buy rating and $92 price target, praising Oklo’s capital-intensive business model. UBS maintains a Neutral rating with a $65 target following the fuel facility announcement.
Recent partnerships include a collaboration with Lightbridge on advanced nuclear fuels and an agreement with ABB for a digital monitoring room. The ABB partnership will establish operator training and simulation capabilities at Oklo headquarters.
The company targets commercial operations for its first powerhouse by late 2027 or early 2028. Despite a second-quarter earnings miss in August, investors remain focused on operational milestones and strategic progress.
Oklo’s momentum score of 99.62 from Benzinga Edge indicates exceptional recent price performance. The stock’s market capitalization of $12.91 billion reflects growing investor confidence in nuclear energy’s commercial potential.
Analyst price targets range from $14 to $92, with current ratings varying from Neutral to Buy across Wall Street firms. The wide target range reflects differing views on appropriate valuation levels for the emerging nuclear technology sector.
The company’s partnership announcements and federal program selections demonstrate progress toward its commercialization goals while building a comprehensive nuclear fuel cycle infrastructure.
