Today, the shares of Oklo Inc. (OKLO) are surging after a positive turnaround from their recent declines over the last two trading sessions. The upward trend is driven by the company announcing a fresh deal, as well as investors reacting favorably to a recently optimistic analysis by an analyst.
As of 11:09 a.m. ET, shares of Oklo are up 14.1%.
Two deals in as many days has investors has electrified investors’ excitement
Working together with Liberty Energy, Oklo has unveiled plans today for a joint project aimed at creating a comprehensive energy solution tailored for data centers. This innovative solution will integrate power generated by Oklo’s Aurora powerhouse with the natural gas energy production provided by Liberty.
Speaking about the partnership with Liberty, Oklo’s CEO, Jacob DeWitte, expressed, “This alliance offers large-scale energy consumers an all-in-one solution from a single provider. It encompasses power generation, backup, grid interaction, and optimization in one seamless package.
Yesterday, Oklo unveiled its partnership with Vertiv, a specialist in data center infrastructure, for the joint development of power and cooling systems tailored for large-scale and shared data centers, like hyperscale and colocation ones. These types of data centers are engineered to manage intensive computing tasks, such as those associated with artificial intelligence (AI), while colocation data centers provide spaces for multiple clients.
Investor enthusiasm for Oklo‘s shares is heightened today following a more positive outlook by Citigroup. They’ve raised their price target from $30 to $68, indicating their appreciation for Oklo’s innovative reactor design and pipeline of projects. Even though the new price target doesn’t suggest immediate upside compared to the current trading price, it does imply that Oklo’s stock is fairly valued, suggesting that the significant gains it has made over the past year are likely to be sustained.
Oklo stock is charging higher, but potential investors must recognize the risks
It appears that the excitement around investing in nuclear energy companies such as Oklo is unlikely to decrease any time soon. However, it’s crucial for investors to keep in mind that Oklo is still in its early stages of development. Since the company isn’t generating income and continues to spend money, it might be a suitable option only for investors who are comfortable taking on higher risks.
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2025-07-23 19:21