Street Calls of the Week
Oklo Inc’s stock reached an all-time high of 85.92 USD, marking a significant milestone for the company with a market capitalization of $12.91 billion. According to InvestingPro data, analyst price targets range from $14 to $92, with the stock currently rated "FAIR" in their comprehensive analysis. This achievement underscores a remarkable 1-year change, with the stock price surging by an impressive 1280.52%. The substantial increase in Oklo’s stock value over the past year reflects growing investor confidence and interest in the company’s prospects. InvestingPro analysis reveals strong returns across multiple timeframes, with a 198% gain over the past six months alone. This all-time high is indicative of Oklo’s strong market performance and the positive reception of its strategic initiatives and developments. Discover 16 additional exclusive insights about Oklo with an InvestingPro subscription, including detailed valuation metrics and growth indicators.
In other recent news, Oklo Inc. announced plans to invest up to $1.68 billion in constructing a nuclear fuel recycling facility in Oak Ridge, Tennessee. This facility aims to recycle used nuclear fuel and convert it into high-assay low enriched uranium (HALEU) fuel, creating over 800 jobs. Additionally, Oklo updated its equity offering, allowing the sale of up to approximately $140 million in new shares, replacing a previous authorization of $400 million. The company has already generated gross proceeds of about $400 million from prior share sales. In terms of analyst ratings, BofA Securities initiated coverage on Oklo with a Buy rating and a $92 price target, citing the company’s capital-intensive business model as a strength. Meanwhile, UBS maintained its Neutral rating with a $65 price target following Oklo’s nuclear fuel plans. Oklo also announced a partnership with ABB to establish a digital monitoring room at its headquarters, which will serve as an operator training and simulation center. This initiative is part of Oklo’s efforts to deploy its Aurora powerhouses with advanced automation and safety features.
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