Oklo selected for three DOE reactor pilot projects

SANTA CLARA - Oklo Inc. (NYSE:OKLO), a nuclear technology company with a market capitalization of $11.58 billion, and its subsidiary Atomic Alchemy Inc. have been selected to participate in the U.S. Department of Energy’s Reactor Pilot Program, according to a company press release issued Wednesday. According to InvestingPro data, the company’s stock has delivered an impressive 957% return over the past year.

The nuclear technology company will lead two projects while Atomic Alchemy will manage one. The program aims to demonstrate criticality in at least three test reactors by July 4, 2026, coinciding with America’s 250th birthday. InvestingPro analysis shows the company maintains a strong liquidity position with a current ratio of 71.27 and holds more cash than debt on its balance sheet, positioning it well for these ambitious projects.

The initiative is part of a broader federal effort to modernize nuclear licensing and demonstration processes, supported by executive orders signed in May 2025.

"This shows that the DOE is ushering in a new era of building new nuclear in America by unleashing its unique capabilities to enable American nuclear innovators to build," said Jacob DeWitte, co-founder and CEO of Oklo, in the statement.

The Reactor Pilot Program is designed to accelerate deployment timelines while gathering operational insights to support commercial licensing and readiness.

Oklo describes itself as a developer of fast fission power plants aimed at delivering clean energy and establishing a domestic supply chain for critical radioisotopes. The company was previously the first to receive a site use permit from the DOE for a commercial advanced fission plant.

The announcement comes amid increasing focus on energy innovation and public-private partnerships in addressing national energy needs. While analysts have set price targets ranging from $14 to $90 per share, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Discover more insights about Oklo and other energy innovators with InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.

In other recent news, Oklo Inc. reported its second-quarter 2025 financial results, revealing a larger-than-expected loss. The company posted an earnings per share of -0.18, missing the forecast of -0.12. Despite the financial setback, Oklo has made significant strides in its strategic partnerships and regulatory processes. The company secured a memorandum of understanding with Korea Hydro & Nuclear Power and collaborated with Hexium on nuclear projects. Additionally, Oklo completed Phase 1 of its Nuclear Regulatory Commission readiness assessment without significant findings, which allowed the company to proceed with its initial application. Wedbush responded to this progress by raising its price target for Oklo to $80, maintaining an Outperform rating. Meanwhile, B.Riley reiterated its Buy rating with a $58 target, while BTIG maintained a Neutral rating despite Oklo’s advancements. William Blair also reiterated an Outperform rating, citing regulatory momentum and strategic partnerships as key factors. These developments reflect Oklo’s ongoing efforts to advance its nuclear energy projects.

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