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Oklo (OKLO) Climbs 6% on Siemens Partnership
Yahoo Finance· 2025-11-20 11:29
Core Insights - Oklo Inc. (NYSE:OKLO) has seen a significant stock price increase, rising 6.45% to close at $102.86, driven by a partnership with Siemens Energy to enhance the deployment of Aurora powerhouses [1][3] - The partnership involves engineering and design work for a condensing SST-600 steam turbine and an SGen-100A industrial generator, which are critical for the Aurora powerhouse at Idaho National Laboratory [2] - Despite the positive developments, Oklo reported a widening net loss of $29.7 million for the third quarter, nearly a 200% increase from $9.96 million in the same period last year, and an operating loss that grew by 195.6% to $36.3 million [3] Company Developments - The collaboration with Siemens Energy is seen as a historic advancement for the advanced nuclear industry, showcasing progress towards the deployment and operation of nuclear technology [4][5] - The design philosophy of using proven power systems aims to shorten timelines and reduce costs, making advanced nuclear technology more deployable [4] Financial Performance - Oklo's financial results indicate a significant increase in losses, with net losses nearly tripling year-on-year, raising concerns about the company's financial health amidst its growth initiatives [3]