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Oklo Shares Set Fresh Record Near $194 Before Reversing on Wednesday

Analyst enthusiasm plus AI power demand have turbocharged a pre‑revenue nuclear bet facing licensing and capital hurdles.

Overview

  • Oklo touched an intraday high of $193.84 before slipping to $172.50, extending a roughly 1,400% year-over-year run, according to Benzinga.
  • Buy initiations from Barclays ($146 target) and Canaccord Genuity ($175) helped propel the move, though the average analyst target stands at $97.62.
  • Reports cite about 14 GW of customer interest and a planned first reactor deployment in late 2027 or early 2028, while the company remains pre‑revenue and is not expected to earn its first profit before 2030.
  • Forbes highlighted valuation risk at an estimated $25 billion market cap despite no commercial reactors, sketching a potential pullback toward $70–75 per share if timelines or execution falter.
  • Benzinga noted broader nuclear strength possibly tied to geopolitical headlines, including Mideast negotiations, a Trump remark on Iran talks, and potential shifts in India’s nuclear policy.