TLDR
- Oklo stock surged 14.8% Monday, reaching $89.34 per share
- U.S. Energy Department announced $2.7 billion uranium-enrichment program including HALEU fuel
- House Energy subcommittee confirmed nuclear sector review hearings
- Company secured DOE contracts but awaits regulatory approval for first reactor
- Wall Street sets $130 price target with Moderate Buy rating
Oklo stock rallied 14.8% Monday as nuclear energy companies gained on government support. The microreactor developer closed at $89.34, marking three consecutive days of advances.
The move brought Oklo’s 2026 gains to 21%. NuScale Power Corp. rose 15% while Nano Nuclear climbed 12% in the same session.
Energy Department Uranium Program Drives Rally
The U.S. Energy Department unveiled $2.7 billion in uranium-enrichment awards. The funding includes high-assay low-enriched uranium production, essential for next-generation reactors.
HALEU fuel supply has limited Oklo’s development. The company’s Aurora Powerhouse reactors depend on this specialized fuel.
Geopolitical events in Venezuela over the weekend added momentum. Energy security concerns boosted related stocks across the sector.
The House Energy subcommittee announced plans to review nuclear industry status. The hearing will examine licensing processes and recent policy implementation.
President Trump’s 2024 executive order called for nuclear expansion. The directive targets rising energy demands from AI infrastructure and manufacturing.
Oklo Stock: Government Contracts and Regulatory Timeline
Oklo holds multiple Department of Energy contracts. These agreements support fuel supply chain pilot programs for domestic production.
The company develops small modular reactors for commercial use. However, its first 75-megawatt Aurora Powerhouse needs Nuclear Regulatory Commission approval.
Commercial operations won’t begin until late 2027 or early 2028. Regulatory clearance remains the key near-term milestone.
H.C. Wainwright analyst Sameer Joshi maintains a Buy rating on Oklo stock. He highlights the company’s three-part business strategy.
The plan includes Aurora Powerhouse deployment for power generation. Oklo also plans to manufacture and sell HALEU fuel while commercializing radioisotopes.
Revenue projections show strong growth potential. Analysts forecast revenue exceeding $21 billion by 2038 with full facility operations.
Oklo stock has tripled over the past year. Investors are betting on nuclear power for AI data center energy needs.
Oklo Stock Price Target and Analyst Ratings
Wall Street gives Oklo stock a Moderate Buy rating. Eight analysts recommend buying while five suggest holding.
The average Oklo stock price target is $130.10. This represents 45.6% upside from current levels.
Analysts note high valuation and capital requirements as risks. Building nuclear infrastructure demands substantial investment.
The uranium-enrichment awards address fuel supply constraints. Federal support could accelerate production timelines for Oklo and competitors.
Oklo stock gained alongside the broader nuclear sector Monday. The rally reflects growing interest in nuclear solutions for baseload power generation.
