Oklo Business Model Supports Recurring Revenues, AI Revolution Creates Elevated Demand

Shares of Oklo Inc OKLO were climbing in early trading on Thursday, after the nuclear startup announced a long-term agreement with Switch.The company's business model positions it in a "solid spot" for long-term recurring revenues, according to Wedbush.Analyst Daniel Ives initiated coverage of Oklo with an Outperform rating and a price target of $26.Ives noted the company’s unique business, which brings small modular reactors (SMRs) directly to its customers.Check out other analyst stock ratings.Oklo, backe ...