Oklo Setting Stage for Widespread Adoption of Nuclear Energy Over Next Decade, Wedbush Says

MT Newswires Live03-18

Oklo (OKLO) is setting the stage for nuclear energy to become widely adopted over the next decade, driven by demand for clean energy amid the AI infrastructure buildout, Wedbush said in a Wednesday research report.

The company's energy agreement with Meta Platforms (META), accelerating US Nuclear Regulatory Commission authorization across multiple assets, a vertically integrated fuel supply chain, and a robust balance sheet position it to play a crucial role in the intersection of AI and domestic nuclear deployment, the analysts said.

Oklo's contract with Siemens Energy for the power conversion system of the company's Aurora powerhouse as well as a planned joint venture with Centrus Energy represent meaningful progress toward capturing the industrial supply chain for scaling commercial deployment, according to the note.

Wedbush reiterated its outperform rating on the stock and cut its price target to $110 per share from $150.

Price: 60.90, Change: +0.37, Percent Change: +0.61

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