New York, January 6, 2026, 10:26 EST
- Oklo shares rose about 3% in morning trade Tuesday after a near-15% surge a day earlier
- U.S. Energy Department unveiled $2.7 billion in uranium-enrichment orders aimed at supplying next-generation reactors
- House lawmakers set a Jan. 7 hearing on nuclear licensing and deployment as Washington spotlights the sector
Oklo Inc shares rose about 3% on Tuesday to around $92, extending a sharp rally a day earlier that lifted the nuclear developer’s stock nearly 15% to close at $89.34.
The move comes as Washington steps up its focus on nuclear power and the fuel needed to run the next wave of reactors. The Energy Department on Monday announced billions of dollars in uranium-enrichment awards, and House lawmakers are set to hold a hearing this week on nuclear licensing and deployment.
That matters for Oklo and other small modular reactor (SMR) developers because many designs require high-assay low-enriched uranium, or HALEU — uranium enriched to a higher level than the fuel used in today’s reactors. The U.S. has struggled to build a domestic HALEU supply chain as power demand rises, including from artificial intelligence and new manufacturing.
Oklo’s Monday jump came alongside a broader rally in nuclear-linked stocks, after lawmakers said they would start reviewing the sector’s status and growth plans. Finviz reported the stock notched its third straight session of gains, while TipRanks said peers such as NuScale Power and Nano Nuclear also rose sharply. https://finviz.com/news/267788/oklo-inc-oklo-climbs-148-as-govt-puts-nuclear-back-in-spotlight 1
On the fuel side, the Energy Department said it will award $2.7 billion in task orders to American Centrifuge Operating, General Matter and Orano Federal Services, with each slated to receive $900 million tied to milestone delivery of enrichment services for low-enriched uranium and HALEU. Energy Secretary Chris Wright said the awards show the administration is “committed to restoring a secure domestic nuclear fuel supply chain.” Reuters reported that Russia is currently the only commercial producer of HALEU, and the department also awarded $28 million to Global Laser Enrichment, part-owned by Cameco. https://www.reuters.com/business/energy/us-awards-27-billion-worth-orders-boost-uranium-enrichment-2026-01-05/
Lawmakers are also lining up a closer look at licensing and deployment. The House Energy and Commerce Committee’s energy subcommittee will hold a Jan. 7 hearing titled “American Energy Dominance: Dawn of the New Nuclear Era,” and Chairmen Brett Guthrie and Bob Latta said it will examine licensing and how recent laws and policies can support growth. Witnesses listed by committee Democrats include Nuclear Energy Institute CEO Maria Korsnick and Idaho National Laboratory director John Wagner. https://energycommerce.house.gov/committees/subcommittee/energy https://democrats-energycommerce.house.gov/committee-activity/hearings/hearing-american-energy-dominance-dawn-new-nuclear-era
Oklo is developing liquid-metal cooled, metal-fueled fast reactors it calls Aurora powerhouses with a maximum output of 75 megawatts electric, the U.S. Nuclear Regulatory Commission says. The company has targeted completion of its first Aurora deployment in late 2027 or early 2028, an SEC filing shows. https://www.nrc.gov/reactors/new-reactors/advanced/who-were-working-with/pre-application-activities/okla-aurora-powerhouse 2
MarketBeat said the stock traded as high as $90.85 on Monday and saw heavy volume by mid-session, while pegging Wall Street’s consensus rating at “Hold” with an average target price of $102.87. The site also noted Oklo remains unprofitable and recently reported a quarterly loss of 20 cents a share. 3
