Oklo (OKLO) Stock Overview
Develops fission power plants to provide energy at scale to customers in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
OKLO Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$80.55
FV
50.9% undervalued intrinsic discount475
users have viewed this narrative3users have liked this narrative
0users have commented on this narrative
22users have followed this narrative
Oklo Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$39.58 |
| 52 Week High | US$193.84 |
| 52 Week Low | US$37.80 |
| Beta | 1.16 |
| 1 Month Change | -20.84% |
| 3 Month Change | -39.09% |
| 1 Year Change | -44.26% |
| 3 Year Change | 283.16% |
| 5 Year Change | 300.61% |
| Change since IPO | 296.59% |
Recent News & Updates
Narrative Update • Jul 24
OKLO: Capital Intensive Nuclear Buildout Will Push Meaningful Cash Flows Beyond 2030
Analysts have trimmed their average price target on Oklo to $27.28 from $31.07, citing a balance between optimism around advanced nuclear commercialization, reflected in varied targets from about $51 to $80, and caution around execution risk, capital intensity, and the timing of future cash flows. Analyst Commentary Recent research on Oklo highlights a split view, with bullish targets clustered in the US$70 to US$80 range and a growing set of more cautious voices focused on execution, funding needs, and the timing of future profitability.Seeking Alpha • Jul 24
Oklo: The Story Got Better, But The Stock Still Asks Too Much
Summary OKLO has seen a sharp de-rating, falling ~28% while the SPX rose 8.7%, validating caution on its valuation and dilution risks. Operationally, OKLO has made progress: Groves reactor construction is complete, fuel constraints are eased, and regulatory milestones are being cleared faster. Liquidity stands strong at ~$2.5B, with net interest income of ~$21M/quarter helping offset ~$51M quarterly operating losses. Despite progress, missed criticality test timelines and commercial revenue remain years away, with only $55M modeled for FY2028E. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jul 24
OKLO: Capital Intensive Nuclear Buildout Will Push Meaningful Cash Flows Beyond 2030
Analysts have trimmed their average price target on Oklo to $27.28 from $31.07, citing a balance between optimism around advanced nuclear commercialization, reflected in varied targets from about $51 to $80, and caution around execution risk, capital intensity, and the timing of future cash flows. Analyst Commentary Recent research on Oklo highlights a split view, with bullish targets clustered in the US$70 to US$80 range and a growing set of more cautious voices focused on execution, funding needs, and the timing of future profitability.Seeking Alpha • Jul 24
Oklo: The Story Got Better, But The Stock Still Asks Too Much
Summary OKLO has seen a sharp de-rating, falling ~28% while the SPX rose 8.7%, validating caution on its valuation and dilution risks. Operationally, OKLO has made progress: Groves reactor construction is complete, fuel constraints are eased, and regulatory milestones are being cleared faster. Liquidity stands strong at ~$2.5B, with net interest income of ~$21M/quarter helping offset ~$51M quarterly operating losses. Despite progress, missed criticality test timelines and commercial revenue remain years away, with only $55M modeled for FY2028E. Read the full article on Seeking AlphaNarrative Update • Jul 10
OKLO: Capital Intensive Reactor Build Out Will Delay Earnings And Cash Flows
Oklo's analyst price target has reset higher from about $23.00 to roughly $31.07, as analysts balance the company's vertically integrated SMR model and early commercial agreements with Meta against capital intensity, execution risk, and mixed ratings that range from Neutral stances with trimmed targets to more optimistic views up to $80. Analyst Commentary on Oklo Recent Street research on Oklo highlights a mix of optimism about its small modular reactor ambitions and caution around capital needs, timelines, and cash generation.
Narrative Update • Jun 26
OKLO: Regulatory And Fuel Milestones Will Support Advanced Reactor Rollout
Oklo's updated analyst price target has been reduced from about $112 to roughly $89, as analysts balance the company's early commercial traction and vertically integrated SMR model against capital-intensive project buildout, execution risk, and the long runway to positive free cash flow highlighted in recent research. Analyst Commentary Recent research on Oklo highlights a mix of optimism around its small modular reactor opportunity and caution around the long and capital-heavy path to commercial maturity.
New Narrative • Jun 05
High risk, unproven, but with big potential.
Oklo is another modular / small nuclear reactor maker, calling them Aurora Powerhouses. But, it's not trying to sell reactors, it's trying to sell long-term electricity contracts, maintaining ownership of the plants.New Narrative • Apr 02
Fuel And Isotope Execution Risks Will Limit Benefits From Long Term Nuclear Tailwinds
Catalysts About Oklo Oklo develops and deploys compact advanced nuclear reactors, along with related fuel and isotope businesses. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 19
Advanced Nuclear Policy And Fuel Progress Will Support Long-Term Clean Power And Isotope Demand
Catalysts About Oklo Oklo develops and deploys advanced nuclear reactors, fuel cycle capabilities and radioisotope facilities through an integrated power, fuel and isotopes platform. What are the underlying business or industry changes driving this perspective?New Narrative • Mar 05
Federal Support And Fuel Integration Will Reshape Advanced Nuclear And Oklo’s Long Term Prospects
Catalysts About Oklo Oklo is an advanced nuclear company focused on building, owning and operating compact fast reactors and integrated fuel cycle facilities for power, heat and radioisotope production. What are the underlying business or industry changes driving this perspective?Seeking Alpha • Apr 29
Oklo: Early, Risky, But Potentially Rewarding
Summary Oklo's unique vision focuses on AI infrastructure power, leveraging microreactors for clean, reliable energy. The case has merit, despite potential competition from established players like Last Energy and TerraPower. Regulatory and funding challenges persist, but Chris Wright’s appointment as Energy Secretary could signal faster clearances and support for Oklo's microreactor deployments. Recent price corrections make Oklo more attractive, suggesting a systematic investment approach to capitalize on its potential in the AI power market. Read the full article on Seeking AlphaSeeking Alpha • Mar 28
Oklo: Hype May Not Sustain The Stock's Price This Year
Summary I find the 14.6x FWD book valuation quite stretched. The long term narrative is strong, but this year, I don't see enough upside to justify this premium. I'm concerned about the 108% YoY increase in cash burn, with no meaningful recurrent revenue expected until (possibly) at least 2026 from Atomic Alchemy. I consider the 12GW Switch deal overhyped, as it's conditional and stretches 20 years out. I find the financial reporting weakness concerning, with the net loss adjusted from $563 million to $73.6 million. Until the financial reporting weakness is cleaned up and Atomic Alchemy shows tangible revenue results I don't see enough upside. Strong sell for now. Read the full article on Seeking AlphaSeeking Alpha • Mar 22
Oklo: Take Advantage Of The Pullback Before Earnings (Technical Analysis)
Summary The chart, moving averages, and indicators present a favourable technical outlook for Oklo stock as sentiment has bottomed. The milestones that the company has achieved show the long term growth story remains highly intact. While the P/B ratio is certainly not low in absolute terms, the recent contraction provides opportunity to pick up shares for a lower price. Therefore, I initiate Oklo at a buy rating as the technical and fundamentals suggest upside from current levels. Read the full article on Seeking AlphaSeeking Alpha • Mar 01
Oklo: Pioneering Advanced Nuclear Solutions For The AI Era
Summary Oklo is looking to revolutionise the nuclear energy sector with compact fast reactors, designed for AI-driven data centres. With multiple exciting partnerships, and a favourable regulatory landscape, there could be further growth in the share price after a healthy rally. Multiple risks exist in the sector, most notably in a lack of profitability, but it represents an interesting high-risk, high-reward opportunity for investors. Read the full article on Seeking AlphaSeeking Alpha • Feb 18
Oklo: Too Far, Too Fast (Rating Downgrade)
Summary Oklo stock has surged 160% due to increasing investor speculation, but the company still lacks meaningful revenue and a working product, raising valuation concerns. OKLO's core thesis revolves around providing cheap, clean nuclear power with its 'Powerhouse' reactors, addressing the demand for sustainable energy. Despite promising deals and partnerships, the unchanged financials and increased valuation risk make OKLO less attractive for new investors. If you're already in, we think it's worth 'Holding' this stock for the long run. Read the full article on Seeking AlphaSeeking Alpha • Jan 24
Oklo: Examining The Challenges Of This Nuclear Dream
Summary I estimate Oklo may not bring its first SMR online before late 2029 at the earliest due to the long regulatory process, fuel qualification, and project delays. I expect OKLO to incur higher build costs for its SMRs than projected by at least 135% due to the novelty of its design. The Company's assumption for fuel costs is 4.7 times less than HALEU's market price and may face challenges securing the required HALEU for future SMRs due to the fuel's limited supply. These higher costs could put Oklo at a pricing disadvantage and potentially make renewable energy with storage a more attractive energy source for AI data centers. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Oklo: Small Modular Reactor Design, Build, And Operate Business Model
Summary Oklo, a nuclear start-up, aims to design, build, and operate small modular reactors, projecting their first plant by late 2027. Despite skepticism about SMR startups, Oklo's leadership and regulatory engagement position them as a potential winner in the nuclear renaissance. Oklo's advanced sodium-cooled fast reactor technology offers efficiency but faces regulatory and operational challenges, with significant cash burn expected until 2027. Currently neutral on Oklo, I recommend further monitoring due to their innovative approach and potential in the evolving nuclear energy market. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
Oklo: Sentiment Improves, As Do Possibilities
Summary Oklo is an early-stage nuclear power company with a scalable model for small reactors, potentially powering data centers, seen as an AI play. Shares have surged over fourfold since August, pushing the market cap over $3 billion, following regulatory approvals and growing demand. The proposed acquisition of Atomic Alchemy, meanwhile, gives a little extra upside and utilizes the increased share value pretty well. Despite arguments for that $3B market cap, revenue generation is years away, raising concerns about potential share dilution. Read the full article on Seeking AlphaSeeking Alpha • Dec 23
Oklo: Nuclear Set To Have Its Time In The Sun On AI Boom
Summary Oklo has surged over the last few months as market enthusiasm builds over data center demand for AI. The company held total cash and short-term investments of $288.5 million as of the end of its fiscal 2024 third quarter. Cash burn from operating activities is expected to be between $35 million to $45 million for its full fiscal year 2024. Read the full article on Seeking AlphaSeeking Alpha • Dec 05
Oklo: We're Betting Heavily On This 'Boom Or Bust' Nuclear Reactor Startup
Summary OKLO, a nuclear reactor startup, aims to revolutionize energy with small modular reactors (SMRs) offering clean, safe, and reliable power, despite being years from production. OKLO's strong liquidity, significant cash reserves, and promising pipeline with major clients suggest a high potential for long-term returns once operational. The company’s projected economics for SMRs are compelling, with attractive unit margins and unlevered returns. Despite risks like regulatory delays and market volatility, OKLO's innovative approach and substantial TAM make it a 'Strong Buy' at its current valuation. Read the full article on Seeking AlphaSeeking Alpha • Nov 15
Oklo Q3 Earnings: Tough To Stomach Report
Summary Oklo's stock has surged, but its operational timeline has been pushed to late 2027, making it a highly speculative investment. The release of previously locked-up shares has increased Oklo's tradable float by 12%, adding to its market volatility. Oklo's innovative business model targets the growing demand for low-carbon energy, but significant shareholder dilution and funding uncertainties remain. Investors must be prepared for high volatility and a long wait for profitability, with Oklo's success hinging on optimistic market sentiment. Read the full article on Seeking AlphaSeeking Alpha • Nov 02
Decarbonization Stocks In Focus: Oklo And 5E Advanced Materials
Summary Two decarbonization stocks came into focus recently with their big price jumps - nuclear reactor developer Oklo and boron miner 5E Advanced Materials. Oklo rallied, and continues to do so, on power demand projections for data centers. It has also made progress towards eventual operationalisation recently. 5E Advanced Materials jumped on receiving a loan option from EXIM bank, providing a lifeline for the pre-production miner, though the stock has come off since. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
Oklo: Lighting Up The New Nuclear Age
Summary I’m excited about Oklo Inc.’s focus on smaller, more cost-effective nuclear powerhouses with a strong customer pipeline. I acknowledge the speculative nature of the investment and the long wait until revenue generation in 2027. Oklo's revenue generation is a concern, but the significant insider ownership suggests a commitment to future growth. I’m encouraged by Oklo’s strong liquidity position and minimal dilution risk in the near term. Read the full article on Seeking AlphaShareholder Returns
| OKLO | US Electric Utilities | US Market | |
|---|---|---|---|
| 7D | -10.3% | 1.3% | -1.5% |
| 1Y | -44.3% | 8.4% | 16.0% |
Return vs Industry: OKLO underperformed the US Electric Utilities industry which returned 8.4% over the past year.
Return vs Market: OKLO underperformed the US Market which returned 16% over the past year.
Price Volatility
| OKLO volatility | |
|---|---|
| OKLO Average Weekly Movement | 12.6% |
| Electric Utilities Industry Average Movement | 3.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: OKLO's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: OKLO's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 215 | Jacob Dewitte | www.oklo.com |
Oklo Inc. develops fission power plants to provide energy at scale to customers in the United States. The company offers Aurora Powerhouse, which is designed to produce between 15 and up to 75 megawatts of electricity. It is also commercializing nuclear fuel recycling and fuel fabrication technology that can convert used nuclear fuel into usable fuel for its reactors.
Oklo Inc. Fundamentals Summary
| OKLO fundamental statistics | |
|---|---|
| Market cap | US$7.27b |
| Earnings (TTM) | -US$128.92m |
| Revenue (TTM) | n/a |
0.0x
P/S Ratio-53.4x
P/E RatioIs OKLO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OKLO income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | US$128.92m |
| Earnings | -US$128.92m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 07, 2026
| Earnings per share (EPS) | -0.74 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0% |
How did OKLO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/28 03:55 |
| End of Day Share Price | 2026/07/28 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oklo Inc. is covered by 28 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christine Cho | Barclays |
| Moses Sutton | BNP Paribas |
| Dimple Gosai | BofA Global Research |