WASHINGTON, Jan 9, 2026, 06:44 (EST)
Oklo shares jumped nearly 20% in premarket trade on Friday after Meta Platforms said it would back the nuclear developer’s plan for up to 1.2 gigawatts of new capacity in Ohio, part of a broader push to lock down power for data centers. Meta also signed 20-year deals to buy electricity from three Vistra nuclear plants and will support small modular reactor projects with TerraPower. Meta executive Joel Kaplan said the plan would “make Meta one of the most significant corporate purchasers of nuclear energy in American history.” (Reuters)
Oklo said Meta’s agreement sets out a mechanism for the tech firm to prepay for power and fund early procurement and development for Oklo’s Aurora “powerhouse” reactors in Pike County, Ohio. Meta’s Urvi Parekh said the deal “enables the development of 1.2 gigawatts of nuclear energy in Southern Ohio,” tied to the company’s operations in the region. (Business Wire)
The timing reflects a policy tailwind that investors have been trading hard: nuclear fuel. The U.S. Energy Department on Jan. 5 announced $2.7 billion over 10 years to rebuild domestic uranium enrichment, including HALEU — a higher-enriched fuel used by many advanced reactor designs. Energy Secretary Chris Wright said the awards showed the administration was “committed to restoring a secure domestic nuclear fuel supply chain.” (The Department of Energy’s Energy.gov)
Still, the Oklo story is moving on headlines, not earnings. TipRanks contributor Bernard Zambonin wrote that the stock trades like a “momentum-driven position” and flagged years of minimal or no revenue and “foreseeable dilution ahead.” He added that analysts tracked by TipRanks expect profitability around 2030 and revenue above $1 billion closer to 2031, with an average price target of $130.10. (TipRanks)
Oklo was one of 2025’s standout performers, even with a pullback late in the year. Motley Fool columnist David Jagielski wrote on Jan. 8 that Oklo’s valuation rose about 238% in 2025, while noting the company is still pre-revenue and burned $62.2 million in operating cash over the last 12 months. (The Motley Fool)
The company has also been pitching a broader nuclear pipeline beyond data-center power. Oklo said this week it struck an agreement with the Energy Department tied to a radioisotope pilot facility through its Atomic Alchemy unit, with CEO Jacob DeWitte saying it would “streamline future commercial deployments” and improve regulatory efficiency. (Oklo)
But the big numbers are still paired with big uncertainty. In a prospectus supplement filed with the U.S. Securities and Exchange Commission, Oklo said it may sell up to $1.5 billion of stock “at the market” — meaning shares can be issued into normal trading, a structure that can dilute existing holders. (Securities and Exchange Commission)
