Overview
- Bank of America moved Oklo to Buy from Neutral and lifted its price target to $127, citing a step-change in commercial validation.
- Analyst Dimple Gosai highlights the binding agreement with Meta to develop a phased ~1.2 GW advanced nuclear campus for AI data centers.
- Meta has prepaid $25 million for the first ~150 MW phase, enabling fuel procurement, site preparation and early development ahead of final PPAs and licensing.
- BofA raised its 2036 revenue forecast for Oklo to $5.9 billion from $5.5 billion, modeling a phased buildout and treating only part of the capacity as incremental.
- Oklo shares rose in early trading after the upgrade, with reported gains ranging from about 2% to over 4%, as investors weighed progress against long lead times and remaining regulatory and financing risks.