Company Overview - Oklo Inc. (NYSE:OKLO) is focused on developing advanced fission power plants aimed at delivering scalable clean energy and commercializing nuclear fuel recycling technology that converts waste into usable reactor fuel [2]. Stock Performance - The stock has experienced a significant rally, increasing by 518% year-to-date, reaching a high of 144 before closing at 131 [1]. - The recent surge was attributed to positive news regarding a $1.68 billion facility in Tennessee for recycling nuclear waste and fuel [1]. Market Sentiment - Despite the positive developments, the stock's inability to maintain momentum after the news is viewed as a concerning sign, indicated by the intraday reversal [1]. - The company currently has no revenues, which raises questions about its long-term viability despite the promising concept [1].
Jim Cramer Says “I Think Oklo is a Great Concept”