Seaport Global raises Oklo stock to Buy with $71 target

On Monday, Seaport Global Securities analyst Jeff Campbell upgraded Oklo shares, trading on the New York Stock Exchange (NYSE:OKLO), from Neutral to Buy, setting a price target of $71.00. The upgrade comes after Oklo’s first quarter of 2025 results presentation, which highlighted significant progress in its nuclear projects. The stock has shown remarkable momentum, gaining over 325% in the past year and 91% year-to-date. According to InvestingPro data, analyst targets currently range from $22 to $41, with the stock trading near its 52-week high of $36.85.

Oklo has completed its drilling campaign at the Idaho National Laboratory (INL) site, achieving a finalized memorandum of agreement with the Department of Energy (DoE) and an Interface (NASDAQ:TILE) Agreement with INL. These agreements underscore the company’s commitment to environmental compliance and coordination. Oklo is targeting the commencement of plant operations in late 2027 or early 2028. The company maintains strong financial health with a current ratio of 6.23 and impressive gross profit margins of 78.44%, according to InvestingPro’s comprehensive analysis, which includes over 16 additional key insights available to subscribers.

The company has also initiated a combined license pre-application readiness assessment (PARA) for Phase 1, a process introduced by the Nuclear Regulatory Commission (NRC) in 2023 to enhance application quality, reduce formal review timelines, and set clear technical expectations. Analysts anticipate that Oklo may follow up with a COLA application later this year or by mid-2026.

Additionally, Oklo submitted a licensed operator topical report to the NRC, laying out foundational plans for use across multiple project applications, such as worker training and control room design. This submission is viewed as evidence of the management’s confidence in their ongoing work with the NRC.

Preparations are underway for the submission of the licensing project plan for the Oklo Fuel Foundry. Despite receiving free enriched uranium from INL, Oklo must still obtain licensing for fuel fabrication before it can use the uranium in its Aurora microreactor. The licensing for recycling is expected to follow.

Lastly, Oklo has been named eligible to receive awards for the Defense Innovation Unit’s Advanced Nuclear Power for Installations program. This recognition implies that Oklo has passed the technical approval phase and is now competing with other vendors to demonstrate and deploy microreactors at military bases and for transportable units, specifically the 15MW Aurora microreactor. With revenue growth of 162% in the last twelve months and a market capitalization of $9.77 billion, Oklo shows promising potential despite current negative earnings. For detailed analysis and valuation metrics, access the full company research report on InvestingPro, available for over 1,400 US stocks.

In other recent news, NuScale Power Corporation has received significant regulatory approvals and analyst attention. The U.S. Nuclear Regulatory Commission (NRC) has granted design approval for NuScale’s enhanced small modular reactor (SMR) technology, marking a key milestone for the company. This approval allows the 77-megawatt reactor design to be referenced in future applications for construction permits or operating licenses, expanding its potential market reach. Additionally, Canaccord Genuity analysts have raised their price target for NuScale Power shares to $36.00, maintaining a Buy rating due to an optimistic outlook on the company’s future financial performance and potential licensing revenue.

Goldman Sachs has also reaffirmed a Neutral rating on NuScale Power with a target price of $27.00, noting the NRC’s approval as a positive development. The company is closely watched by industry observers as it navigates the regulatory landscape and aims to secure commercial agreements for its technology. Furthermore, NuScale has partnered with George Mason University to open the largest Energy Exploration (E2) Center in the U.S., enhancing nuclear science education and workforce development. This initiative is supported by the Virginia Clean Energy Innovation Bank, demonstrating NuScale’s commitment to advancing education in the nuclear field.

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