Oklo Stock Soars 127% in 3 Months: Should You Buy Now or Wait?

Core Insights - Oklo Inc. (OKLO) shares have increased by 127.3% over the past three months, significantly outperforming the Zacks Alternative-Energy industry growth of 16.7% and the broader Zacks Oils-Energy sector's return of 0.6% [1][10] - Other industry players, such as Constellation Energy Corporation (CEG) and GEV Vernova (GEV), have also shown strong performance, with share increases of 35.8% and 44.1%, respectively [2] Key Drivers Behind Performance - The surge in OKLO's stock price is attributed to strategic partnerships, regulatory advancements, and significant project awards [4] - In June 2025, OKLO received a Notice of Intent to Award from the Defense Logistics Agency Energy for its Aurora powerhouse at Eielson Air Force Base, which is part of the Department of the Air Force's microreactor pilot program [5] - The U.S. Nuclear Regulatory Commission (NRC) began reviewing OKLO's Licensed Operator Topical Report in June 2025, marking progress in its regulatory plans [6] - A memorandum of understanding (MOU) was signed with Korea Hydro & Nuclear Power in May 2025 to collaborate on the development and global deployment of OKLO's advanced nuclear technology [7] Market Position and Future Prospects - The U.S. accounts for approximately 30% of global nuclear electricity generation, supporting growth prospects for U.S.-based nuclear companies like OKLO, which is developing next-generation fast-fission power plants [11] - OKLO's Aurora powerhouse series is designed to generate between 15 and 50 megawatts electric (MWe), with potential scalability up to 100 MWe [11] - The company completed borehole drilling at the Idaho National Laboratory for its first Aurora Powerhouse in May 2025, positioning OKLO for long-term growth in the nuclear power sector [12] Financial Outlook - The Zacks Consensus Estimate for OKLO's 2025 earnings indicates a year-over-year improvement, while the estimate for 2026 suggests a deterioration [14] - Recent earnings estimates have declined, reflecting analysts' decreasing confidence in the stock's earnings-generating capabilities [14] - OKLO shares are trading at a premium, with a trailing 12-month Price/Book (P/B TTM) ratio of 32.90X compared to the industry average of 5.1X [16]