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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Oklo Inc. - OKLO
Prnewswire· 2025-02-04 22:05
Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Oklo Inc., focusing on potential securities fraud or unlawful business practices by the company and its officers or directors [1] - Kerrisdale Capital published a short report on Oklo, labeling it a $3 billion nuclear energy company that went public via SPAC, highlighting the lack of regulator-approved design, revenue, and proven commercial viability for its microreactors [2] - The Kerrisdale report indicated that Oklo faces significant technical and financial challenges, suggesting skepticism regarding its investment case and asserting that the company has underestimated the time and capital required to commercialize its product [2] Group 2 - Following the publication of the Kerrisdale report, Oklo's stock price decreased by $0.85 per share, or 3.9%, closing at $20.95 per share on November 20, 2024 [2] - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3]
Oklo Signs Deal to Boost Nuclear Capabilities: Should You Buy the Stock Now?
ZACKS· 2025-02-04 14:21
Core Viewpoint - Oklo Inc. has signed a Memorandum of Understanding with Lightbridge Corporation to co-locate a commercial-scale fuel fabrication facility, enhancing its fuel recycling capabilities and supporting its mission for cost-effective, carbon-free energy [1][2]. Company Developments - The partnership with Lightbridge will provide Oklo access to advanced fuel technologies, reinforcing its commitment to cleaner energy and strengthening its market position in advanced nuclear solutions [2]. - Oklo's stock has surged 331.6% over the past year, outperforming the Zacks Alternative-Energy industry (73.3%), the Oils-Energy sector (6.7%), and the S&P 500 (23.8%) [4]. - Recent operational performances and strategic partnerships have contributed to the stock's impressive price surge [5]. - Oklo has signed significant agreements, including a MOU with RPower for a phased power model for data centers and a Master Power Agreement with Switch to deploy 12 gigawatts of projects through 2044 [6]. Market Position and Growth Prospects - Oklo's customer pipeline has increased to 2,100 megawatts, reflecting a 200% increase since July 2023, indicating rapid progress in the clean energy market [7][8]. - The company is positioned for long-term growth in the nuclear power sector with its Aurora powerhouse line, designed to generate 15-50 megawatts electric from recycled and fresh nuclear fuel [10]. Financial Performance - Oklo has yet to generate revenues, with the first Aurora powerhouse expected to be deployed in 2027, leading to uncertainty in short-term financial performance [11]. - The company has a negative return on equity (ROE), indicating losses, which raises concerns among investors [14]. Analyst Sentiment - Recent downward revisions in first-quarter 2025 earnings estimates reflect growing skepticism among analysts regarding Oklo's short-term financial prospects [13]. - Despite the challenges, the long-term potential in the nuclear power industry remains strong, and the stock has shown impressive performance over the past year [12][19].
Oklo Stock: Buy, Sell, or Hold?
The Motley Fool· 2025-01-27 10:15
This little microreactor company still has a lot to prove.Oklo (OKLO 7.84%), a nuclear power start-up backed by OpenAI CEO Sam Altman, went public by merging with a special purpose acquisition company (SPAC) on May 10, 2024. The stock opened at $15.50 on its first day but eventually plunged and closed at $8.45.Oklo's stock eventually sank to an all-time low of $5.59 on Sept. 3, but it subsequently soared to about $42 as of this writing. That massive rally would have turned a $10,000 investment into more tha ...
AI Optimism Has Lifted This Nuclear Stock 100% This Month. What's Next?
Investopedia· 2025-01-24 21:15
Company Performance and Market Reaction - Oklo (OKLO) shares surged to a record high, rising 10% to $42 50 in afternoon trading, and have doubled in price since the start of 2025 [2][4] - The stock has been trending sharply higher after breaking out from a falling wedge pattern in late December, with gains accelerating due to increasing share turnover, suggesting institutional buying participation [5][10] Industry Trends and Catalysts - Investors are bidding up nuclear energy companies due to expectations of growing energy demand to support AI infrastructure [2][10] - A $500 billion AI infrastructure development project, a joint venture between Oracle (ORCL), OpenAI, and SoftBank, has fueled investor enthusiasm, particularly benefiting Oklo, which is backed by OpenAI CEO Sam Altman and could secure energy agreements for data centers under the project [3] Technical Analysis and Price Targets - A bullish price target of around $75 is forecasted using bars pattern analysis, which studies prior trends to anticipate future price movements [7][10] - The stock's strong price momentum is confirmed by the relative strength index (RSI), though it has moved into overbought territory, raising the prospect of short-term profit-taking [6] Key Support Levels - Major support levels to monitor during profit-taking are around $23 and $17, with $23 being a confluence of support from the 50-day moving average and comparable price points since late October [9][10][11]
Dan Ives predicts this nuclear stock to rally 17%
Finbold· 2025-01-24 14:04
Just a few short years ago, the general consensus, both among the public and market analysts, was that nuclear energy was dead — a thing of the past. Even the most optimistic cases had it relegated to a mere supplement to other green or renewable sources of energy, such as wind and solar.That narrative has all but evaporated for the last two years, artificial intelligence (AI) has been the dominant narrative in the financial markets. AI needs data centers, and lots of them — and those data centers require i ...
NuScale, Oklo and Other Nuclear Stocks Soar on Anticipation of AI's Growing Energy Needs
Investopedia· 2025-01-23 23:55
Key TakeawaysNuclear energy stocks roared higher Thursday, extending gains earlier in the week amid expectations of growing energy needs driven by data centers to support AI.President Donald Trump on Tuesday announced a $500 billion joint venture with Oracle, OpenAI, and SoftBank to build AI infrastructure in the U.S.Shares of Oklo, which is backed by OpenAI CEO Sam Altman, surged close to 14% Thursday and have added almost 50% this week since reports of the initiative emerged. Nuclear energy stocks roared ...
2 Nuclear Stocks to Monitor Under Trump Administration
Schaeffers Investment Research· 2025-01-22 20:33
While the crypto sector struggled after inauguration, nuclear stocks are in rally mode amid U.S. President Donald Trump's orders to increase energy production. Chris Wright, Trump's pick to lead the Energy Department, last week noted he would prioritize oil and gas, as well as nuclear power production.Wright is also the director of nuclear stock Oklo Inc (NYSE:OKLO), which was last seen up 10.8% to trade at $34.64, on track for its fifth-straight win after earlier hitting an all-time high of $34.95. The equ ...
Why Sam Altman-Backed Oklo Surged 101% Higher in 2024
The Motley Fool· 2025-01-09 19:14
More than ever, tech giants are searching for clean, sustainable energy sources. One company looking to lead the way with its next-generation nuclear technology is Oklo (OKLO -11.46%). According to data provided by S&P Global Market Intelligence, the company surged 101% higher in 2024.Investor enthusiasm around its technology and what it can do to meet tech companies' growing energy needs has driven the stock higher. Here's what investors need to know about the company and what you can expect going forward. ...
Oklo Stock Surges 95% in 3 Months: Is it Worth Investing?
ZACKS· 2025-01-03 16:35
Shares of Oklo Inc. (OKLO) have soared an impressive 95.3% over the past three months, outperforming the Zacks Alternative-Energy industry’s return of 1.9% as well as the broader Zacks Oils-Energy sector’s decline of 6.8%. It has also outpaced the S&P 500’s rise of 3% in the same period.Buoyed by the increasing worldwide adoption of clean energy across industries, Oklo stock has been rallying on impressive quarterly operational performance and strategic partnerships that aim to strengthen its footprint in c ...
Oklo gains momentum, analyst praise with its Switch partnership
Proactiveinvestors NA· 2024-12-19 19:41
About the Publisher - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [1] - The company's content is produced independently by experienced and qualified teams of news journalists [1] - Proactive has bureaus and studios in key finance and investment hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - The company specializes in medium and small-cap markets, while also covering blue-chip companies, commodities, and broader investment stories [2] Industry Coverage - Proactive delivers news and unique insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Use of Technology - Proactive is a forward-looking and enthusiastic adopter of technology [4] - The company's human content creators are equipped with decades of expertise and experience, and they use technology to assist and enhance workflows [4] - Proactive occasionally uses automation and software tools, including generative AI, but all content is edited and authored by humans in line with best practices for content production and search engine optimization [5]