Oklo is Down 63% From Its Peak. Here's Why It Could Fall Further.

Core Insights - Oklo has experienced significant stock volatility, trading as low as $5 and as high as $193, currently 63% below its all-time high, indicating potential vulnerability to further declines [1] Company Developments - Oklo is developing advanced fission power plants known as Aurora powerhouses, which can operate on recycled fuel and are designed for up to 10 years of operation before refueling [2] - The technology is based on the Experimental Breeder Reactor-II, which operated for 30 years at Argonne National Laboratory until its shutdown in 1994 [2] Industry Context - Nuclear energy is attractive for technology companies due to its carbon-free emissions and reliable base-load power, essential for data centers [4] - Oklo aims to address the lengthy construction times of traditional nuclear plants by creating small, factory-built reactors for quicker deployment [4] Strategic Partnerships - In January, Oklo secured a deal with Meta Platforms to develop a 1.2 GW power campus in Ohio, with Meta prepaying for power to provide upfront capital for the project [5] - The project is set to scale up to full capacity by 2034, with the first phase targeted for 2030 [5] Future Outlook - Oklo's first commercial Aurora powerhouse at the Idaho National Laboratory is not expected to operate until late 2027 or early 2028, pending regulatory approvals and construction [6] - The company has begun construction on its Aurora powerhouse and is also building a fuel fabrication facility on site [7]