Key Highlights
- Daniel Ives from Wedbush maintains an Outperform stance on OKLO stock, setting a $110 price objective that suggests approximately 65% potential gains.
- The Department of Energy chose Oklo for advanced discussions within its Surplus Plutonium Utilization Program framework.
- Bank of America resumed coverage on May 22 with a Buy recommendation and $80 price objective, highlighting the company’s integrated business approach.
- The company secured a binding 1.2 GWe power supply agreement with Meta, plus additional pipeline commitments exceeding 14 GWe.
- Analyst consensus leans toward Moderate Buy territory, averaging $90.07 across 11 Buy recommendations and 7 Hold positions.
Shares of Oklo (OKLO) are capturing renewed analyst interest, particularly from Wedbush’s Daniel Ives, who established a $110 price objective — suggesting approximately 65% appreciation potential over the coming year. Current trading levels hover near $66.
Positioned among the top 3% of analysts on Wall Street, Ives maintains an Outperform rating on OKLO shares. His optimistic outlook emphasizes the company’s integrated approach of building, owning, and operating facilities, which he believes generates consistent revenue opportunities and streamlines nuclear regulatory processes.
His recent commentary was triggered by the Department of Energy’s decision to include Oklo among selected participants for advanced negotiations within the Surplus Plutonium Utilization Program. The DOE named four additional advanced nuclear firms alongside Oklo.
This initiative seeks to transform excess plutonium into usable fuel for next-generation reactor systems. In Oklo’s case, this involves collaboration with Newcleo — Oklo takes the lead on plutonium conversion while Newcleo contributes fuel manufacturing knowledge and potentially up to $2 billion in project financing.
Ives characterized the DOE designation as official governmental endorsement of the Newcleo collaboration initially revealed in October 2025. This development establishes a fourth fuel supply route for Oklo, complementing existing pathways through HALEU enrichment, spent fuel reprocessing, and the A3F fabrication initiative.
However, Ives maintained a balanced perspective. He characterized the DOE announcement as a strategic enhancement to Oklo’s fuel diversification plan rather than an immediate revenue driver, emphasizing that final agreements and regulatory clearances remain outstanding.
Bank of America Returns With Positive Outlook
On May 22, Rinny Singh, an analyst at Bank of America, resumed coverage with a Buy rating alongside an $80 price objective. This target suggests more than 17% upside from present trading levels.
BofA emphasized Oklo’s end-to-end integrated business structure as a competitive differentiator in the small modular reactor marketplace. The firm also referenced the binding 1.2 GWe power supply contract signed with Meta in January as demonstration of genuine commercial momentum.
Beyond the Meta agreement, Oklo maintains a substantial project pipeline totaling over 14 GWe through non-binding customer commitments, positioning it among the leading participants in the developing SMR industry by contracted capacity.
Key Milestones on the Horizon
The company’s inaugural Aurora reactor installation at Idaho National Laboratory remains scheduled for late 2027 through early 2028. Additionally, Oklo is working toward a July 4, 2026 criticality achievement — representing its planned initial controlled sustainable nuclear reaction.
Ives clarified that the DOE development doesn’t alter this operational timeline. Nevertheless, he observed that successful transformation of surplus plutonium into transitional fuel sources could mitigate fuel supply challenges for those early-stage deployments, assuming final agreements materialize.
Analyst consensus currently reflects a Moderate Buy rating, comprising 11 Buy recommendations and 7 Hold ratings. The mean price objective stands at $90.07, indicating roughly 35% appreciation potential from current price levels.
The artificial intelligence infrastructure expansion is driving requirements for dependable large-scale power generation, and Oklo’s established agreements with technology giants like Meta demonstrate the company is actively positioning itself to address this growing demand.
