Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Oklo Inc., based in Santa Clara, California, is categorized under the electric services industry. The transaction was filed with the Securities and Exchange Commission on December 27, 2024. The company, now valued at $2.79 billion, maintains strong financial health with more cash than debt and a robust current ratio of 48.45. For deeper insights into OKLO's financials and 15+ additional exclusive ProTips, explore InvestingPro's comprehensive analysis tools. The company, now valued at $2.79 billion, maintains strong financial health with more cash than debt and a robust current ratio of 48.45. For deeper insights into OKLO's financials and 15+ additional exclusive ProTips, explore InvestingPro's comprehensive analysis tools.
Oklo Inc., based in Santa Clara, California, is categorized under the electric services industry. The transaction was filed with the Securities and Exchange Commission on December 27, 2024.
In other recent news, Oklo Inc. has been the subject of several significant developments. The company has received an Outperform rating from Wedbush due to its unique business model, while Citi has reiterated its neutral stance. Oklo's innovative approach to nuclear power generation, highlighted by its build, own, and operate model, is expected to generate long-term recurring revenues.
The company is progressing well with its current project pipeline, aiming to launch its first Small Modular Reactor (SMR) by 2027. Oklo's flagship product, the Aurora, is designed to be scalable up to 50MW and 100MW, and is set to be one of the initial designs to utilize High-Assay Low-Enriched Uranium (HALEU) for enhanced power generation and reduced waste.
In addition to its technological advancements, Oklo has also entered into significant partnerships. A non-binding Master Power Agreement with Switch (NYSE:SWCH) will see Oklo providing 12 gigawatts of power from its Aurora powerhouses through 2044. Furthermore, Oklo plans to acquire Atomic Alchemy Inc., a move set to enhance the supply chain for critical isotopes essential for clean energy production in remote and off-grid environments.
The company has also issued 2.5 million shares following a price milestone, a decision linked to a merger agreement with AltC Acquisition Corp. and Oklo Technologies, Inc. These recent developments reflect Oklo's ongoing efforts to advance in the clean energy sector.
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