TLDR
- Wedbush increases Oklo price target from $80 to $150, maintaining Outperform rating
- OKLO stock surged 29% Friday, up 537% year-to-date at $135.23
- Trump administration selects Oklo for Nuclear Reactor Pilot Program projects
- Company plans $1.68 billion Tennessee nuclear fuel facility investment
- UK reduces licensing timeline to two years, benefiting small modular reactor deployment
Oklo stock jumped nearly 29% on Friday as nuclear energy gains government backing. The small modular reactor company has posted impressive gains of 537% year-to-date.
Wedbush analyst Daniel Ives raised his Oklo price target to $150 from $80 in a weekend note. This 90% increase reflects growing confidence in the company’s nuclear strategy.
Trading at $135.23, OKLO shares have climbed over 1,500% in the past year. The stock broke out of consolidation in early September following key announcements.
Ives maintained his Outperform rating while citing the artificial intelligence revolution’s next growth phase. Recent Washington D.C. meetings strengthened his conviction about nuclear energy’s future.
“Our time spent in the Beltway gave us confidence that the push for nuclear energy in the US is now underway,” Ives stated.
Government Support Accelerates Growth
The Trump administration selected Oklo for multiple Nuclear Reactor Pilot Program projects. The company received initial selection for two direct projects plus one through subsidiary Atomic Alchemy.
This government backing positions Oklo as a primary beneficiary of increased federal nuclear support. The recent Trump Executive Order on nuclear energy marks what Wedbush calls the beginning of expanded nuclear focus.
Oklo remains a core holding on Wedbush’s “IVES AI 30” list. The analyst expects the company to benefit from increased spending, growth opportunities, and regulatory approvals.
International Markets Drive Demand
Major US tech companies are expanding UK data center investments. Google, OpenAI, and CoreWeave lead this expansion as AI power demands surge.
The UK recently cut nuclear project licensing timelines to two years. This acceleration particularly benefits companies deploying small modular reactors like Oklo.
AI data centers require clean, reliable power that nuclear energy provides consistently. Traditional power sources struggle to match these dual requirements at scale.
Tennessee Facility Investment
Oklo announced a $1.68 billion investment in Oak Ridge, Tennessee. The nuclear fuel recycling facility represents the first phase of an advanced fuel center.
The project will produce high-assay low enriched uranium fuel while creating over 800 jobs. This facility supports Oklo’s broader nuclear fuel strategy.
The company previously updated its equity offering to allow $140 million in new share sales. Earlier fundraising generated approximately $400 million in gross proceeds.
Retail sentiment toward OKLO stock remained “extremely bullish” with a 76/100 rating. The stock ranked among top five trending tickers on Stocktwits with 750% message volume increase over seven days.
Oklo stock continued rising in after-hours trading following Friday’s surge, maintaining momentum as nuclear energy gains political and market support.
