SoFi CEO enters prepaid forward contract on 1.5 million shares
On Wednesday, Webush analysts maintained their Outperform rating and $45.00 price target on Oklo Inc. (NYSE: OKLO), highlighting the company’s unique business model and recent operational milestones. The stock, currently trading at $32.03 with a market capitalization of $4.45 billion, has shown remarkable momentum with a 186.75% return over the past year. According to InvestingPro analysis, while analyst targets range from $30 to $58, the stock appears overvalued at current levels. Oklo’s approach to build, own, and operate its projects is seen as a differentiator in the market, providing long-term recurring revenue and a streamlined regulatory process.
Oklo recently announced the expansion of its Aurora powerhouse to 75 MW, which strengthens its capacity to deliver power, particularly to data centers. This expansion is significant as it does not require changes to the design of Aurora Small Modular Reactors (SMRs) that support OpenAI and other major tech hyperscalers.
The company also declared the completion of borehole drilling for site characterization at the Idaho National Laboratory site for its first Aurora Powerhouse, a crucial step towards submitting its first application. Oklo is on schedule to submit its combined license application (COLA) to the U.S. Nuclear Regulatory Commission (NRC) by the end of 2025 and aims to deploy its first commercial power plant at the Idaho National Laboratory by the end of 2027.
In addition to its progress in SMRs, Oklo is experiencing growth in its Atomic Alchemy division, with plans to deploy its hyperreactor and consolidate the isotope supply chain through its vertically integrated VIPR Facilities. The company anticipates generating its first revenues from this venture in early to mid-2026.
Despite being in the pre-revenue stage, Oklo is strategically positioning itself to meet the increasing demand for nuclear energy solutions. With over 14 gigawatts already in its project pipeline, the company is well-placed to benefit from the global shift towards nuclear energy, as well as the growing need for computing power in both federal and commercial sectors. InvestingPro data reveals the company maintains strong financial flexibility with a current ratio of 36.23 and holds more cash than debt on its balance sheet. For deeper insights into Oklo’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers. The ongoing AI Revolution, which continues to gain momentum, presents additional opportunities for Oklo without any conflict of interest following Altman’s departure.
In other recent news, Oklo Inc. reported its first-quarter 2025 earnings, showing a slight beat on earnings per share (EPS) with an actual EPS of -$0.07 against a forecast of -$0.08. Despite the positive EPS surprise, the company recorded an operating loss of approximately $18 million. Oklo is moving forward with the development of its first Aurora power plant at the Idaho National Laboratory, having completed drilling for site characterization work. The company plans to submit its Combined License application (COLA) to the Nuclear Regulatory Commission later this year, with the startup of the INL plant projected for late 2027 or early 2028.
Meanwhile, Citi analyst Vikram Bagri maintained a Neutral rating on Oklo shares, with a set price target of $30.00. This assessment followed Oklo’s initiation of Phase 1 of the pre-application readiness assessment, a key step in their strategy to deploy their initial reactor and expand their isotope business. Oklo’s total backlog, exceeding 14 gigawatts, has remained stable. Additionally, the departure of Sam Altman from Oklo’s Board is viewed as an opportunity to enhance discussions with data centers and explore a relationship with OpenAI.
BTIG analyst Gregory Lewis (JO:LEWJ) also maintained a Neutral rating on Oklo shares following the earnings report. Oklo’s management is leveraging the ADVANCE Act, expected to reduce licensing costs by about 55%, to accelerate the licensing process. The company is also making strides in licensing a commercial fuel fabrication site, with the first reactor deployment expected in the late 2027 to early 2028 timeframe.
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