Fresh $80 Wall Street Target Lands on Oklo, But the Catch Remains
Oklo shares rose 1.2% premarket after Bank of America initiated coverage with a Buy rating and $80 target. The company reported $2.54 billion in cash as of March 31 and a Q1 net loss of $33.1 million. Oklo has a binding 1.2-gigawatt power deal with Meta and over 14 gigawatts in non-binding agreements. The NRC approved a key design report for Oklo’s Aurora reactor earlier this month.