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SANTA CLARA - Oklo Inc. (NYSE:OKLO), a nuclear technology company with a market capitalization of $9.49 billion, has completed the U.S. Nuclear Regulatory Commission’s pre-application readiness assessment for Phase 1 of the combined license application for its first commercial Aurora powerhouse at Idaho National Laboratory. According to InvestingPro analysis, the company currently appears overvalued compared to its Fair Value, despite maintaining a strong cash position that exceeds its debt obligations.
The assessment found no significant gaps that would prevent acceptance of the application, according to a company press release issued Thursday. The NRC provided observations to help Oklo finalize its application for an efficient review process. The company’s stock has shown remarkable momentum, gaining 16.09% in the past week alone, reflecting investor confidence in its regulatory progress.
"Our team has worked closely with the NRC to build a clear, efficient licensing pathway, and this is a good signal that we are on track," said Jacob DeWitte, Co-Founder and CEO of Oklo.
The advanced nuclear technology company has engaged with the NRC since 2016 and completed various pre-application activities, including securing an approved Quality Assurance Program Description and advancing safety analysis, component classification, and operational protocols.
Oklo plans to submit the first phase of the Aurora-INL combined license application this year. The company’s licensing strategy aims to support efficient deployment of its Aurora powerhouses for commercial and federal customers.
The NRC’s support for standardized environmental review templates for reactor and site characteristics represents progress toward accelerated licensing for advanced reactors, the company noted.
Oklo is developing fast fission power plants and working on nuclear fuel recycling technologies in collaboration with the U.S. Department of Energy and National Laboratories. While the company currently operates at a loss with negative earnings per share of -$0.51, its strong liquidity position with a current ratio of 36.23 provides substantial financial flexibility to pursue its development initiatives.
In other recent news, Oklo Inc. has made significant strides in the nuclear energy sector. The company announced a partnership with Kiewit Nuclear Solutions Co. to construct its first commercial Aurora powerhouse at Idaho National Laboratory, with operations expected to begin between late 2027 and early 2028. Oklo has also initiated strategic collaborations with Hexium, TerraPower, and Lawrence Livermore National Laboratory to advance the domestic production of High-Assay Low-Enriched Uranium (HALEU), a crucial component for advanced nuclear reactors. This partnership aims to address the current shortage of HALEU supply in the U.S. and explores the use of Atomic Vapor Laser Isotope Separation (AVLIS) technology for uranium enrichment. Cantor Fitzgerald has initiated coverage on Oklo with an Overweight rating and a $73 price target, citing the company’s innovative reactor technology and favorable regulatory shifts. Recent positive comments from the Secretary of Energy have also buoyed nuclear energy stocks, including Oklo, suggesting potential regulatory support for the industry. These developments position Oklo as a key player in the evolving nuclear energy landscape.
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