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Investing.com - Wedbush raised its price target on Oklo (NYSE:OKLO) to $80.00 from $75.00 on Tuesday, while maintaining an Outperform rating on the nuclear energy company’s stock. The target sits near the high end of analyst estimates, which range from $14 to $86. According to InvestingPro data, OKLO has delivered an impressive 919% return over the past year, though the stock has recently pulled back about 15% in the past week.
The price target increase follows Oklo’s completion of Phase 1 of its Nuclear Regulatory Commission (NRC) readiness assessment for its Aurora-INL combined license application. The NRC identified no significant findings, allowing Oklo to proceed with its initial application, which it plans to submit in early Q4 2025.
Oklo aims to deploy its first commercial nuclear plant by 2027 and recently announced a collaboration agreement with Vertiv (NYSE:VRT) focused on developing advanced power and thermal management solutions for hyperscaler data centers. The partnership will leverage steam and electricity from Oklo’s nuclear plants to increase energy efficiency.
The company’s expanded 75 MW Aurora powerhouse strengthens its position to serve potential hyperscaler customers, according to Wedbush. Recent U.S. initiatives supporting domestic advanced nuclear industry development represent key tailwinds for Oklo.
Wedbush cited growing demand for clean energy to power AI initiatives as a favorable factor for Oklo, noting that computing power requirements are expected to increase tenfold by 2030. The firm highlighted Oklo’s build, own, and operate business model as providing long-term recurring revenues.
In other recent news, Oklo Inc. reported its second-quarter 2025 earnings, revealing a larger-than-expected loss. The company posted an earnings per share of -0.18, which missed the forecasted -0.12, indicating a significant negative surprise. Despite this, Oklo made notable progress in its nuclear technology development, particularly with its Aurora Powerhouse project at the Idaho National Laboratory. The company signed a memorandum of understanding with Korea Hydro & Nuclear Power to collaborate on reactor development. William Blair reiterated an Outperform rating for Oklo, citing regulatory momentum and strategic partnerships as positive factors. The firm expressed confidence in Oklo’s timeline for its first powerhouse by late 2027, highlighting progress in Nuclear Regulatory Commission regulatory processes. Meanwhile, BTIG maintained a Neutral rating on Oklo, despite the company’s financial loss and advancements in its projects. These developments reflect Oklo’s ongoing efforts in both financial and strategic areas.
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