New York, Jan 12, 2026, 20:56 EST — Market closed.
Oklo Inc (OKLO) shares fell 2.7% on Monday to close at $102.50, paring a run that has taken the stock up about 43% since the end of 2025. The pullback followed Friday’s jump, when the stock swung as high as $115.72 after news tied it more closely to Meta Platforms’ push to lock in nuclear power for data centers. (Investing)
The move matters because Oklo has become one of the market’s higher-beta ways to trade the “AI power demand” theme. Meta said on Friday it struck 20-year agreements to buy power from three Vistra nuclear plants and will also help develop projects with Oklo and TerraPower, a pair of companies aiming to build small modular reactors. (Reuters)
Oklo said Meta’s agreement supports plans for a 1.2-gigawatt power campus in Pike County, Ohio, and gives Meta a way to prepay for power to fund early work, including securing nuclear fuel. Oklo CEO and co-founder Jacob DeWitte said the company had “finalized the purchase of over 200 acres” in Pike County, while Meta’s head of global energy, Urvi Parekh, called the project “a major step” to support Meta’s operations in the region. (Oklo)
A fact sheet released with the announcement said the first phase is expected to deliver 150 megawatts and that Meta’s agreement includes an option for up to 4 gigawatts of total capacity. It also described customer prepayment as a “multi-billion-dollar” investment over the long-term agreement, with pre-construction and site work slated to begin in 2026 and first power targeted as early as 2030.
Still, traders had fresh reasons to be cautious. A Form 4 filing showed Oklo co-founder and chief operating officer Caroline Cochran sold 328,372 shares on Jan. 7-8 for proceeds of about $32.5 million, in transactions disclosed at weighted average prices from roughly $93 to $100 a share. The filing said the sales were made under a Rule 10b5-1 plan — a preset trading plan that can automate sales and is meant to reduce the scope for insider timing. (SEC)
Oklo’s dip came with a mixed tape across nuclear-linked names. Vistra rose about 3.7% on Monday, while NuScale Power fell nearly 4%, and uranium miner Cameco gained about 2%.
For investors, the question is whether the Meta tie-up changes Oklo’s story fast enough to justify the stock’s recent repricing. The company now has a marquee partner and a funding mechanism, but its timeline runs in years and the work starts with permits, site preparation and fuel logistics — not electricity sales.
But the downside case remains straightforward: delays and regulatory hurdles. The U.S. Nuclear Regulatory Commission denied Oklo an operating license in 2022, and Reuters has reported the company planned to reapply late in 2025 and hoped to receive a license in 2027, a schedule that leaves plenty of room for slippage. (Reuters)
Insider selling can add to that unease even when trades are pre-planned. Big spikes attract fast money, and fast money tends to leave just as quickly when the flow turns quiet.
Trading resumes on Tuesday, Jan. 13, with investors watching for any new detail on Meta’s prepayment terms, signs of early permitting and site work in Ohio, and further insider filings that could add to near-term supply.
