NEW YORK, Jan 16, 2026, 12:38 EST — Regular session
- Oklo shares climbed roughly 3% in midday NYSE trading following a volatile week
- The shift keeps attention on Oklo’s Ohio nuclear campus project linked to Meta data centers
- Traders await new filings alongside the upcoming quarterly update
Oklo Inc. shares climbed 2.9% to close at $94.14 on Friday, after fluctuating between $89.37 and $96.64 during the day.
This move is significant as Oklo has turned into a high-beta play on the “power for AI” theme. Big tech firms are scrambling to secure long-term electricity contracts, pushing the market to revalue all assets linked to new energy generation.
Sentiment is shifting quickly. Oklo dipped Wednesday amid a drop in U.S. stocks, though its slide was mild compared to the wider market selloff. 1
Oklo’s key driver is its deal with Meta Platforms to back a 1.2-gigawatt power campus in Pike County, Ohio, aimed at powering Meta’s data centers. Meta can prepay for power and provide funding, which Oklo plans to use to lock in nuclear fuel and push Phase 1 forward. Pre-construction and site work are set for 2026, with the first phase expected by 2030 and full 1.2 GW expansion by 2034. Oklo CEO Jacob DeWitte called the funding “a major step,” while Meta energy chief Urvi Parekh said the project would bolster Meta’s regional operations, including an “AI supercluster” in New Albany. 2
Meta presented the deal as one element in a broader series of nuclear partnerships, which also involve Vistra, TerraPower, and a prior agreement with Constellation Energy. The company claims these projects could deliver up to 6.6 GW by 2035. Joel Kaplan, Meta’s chief global affairs officer, said the goal is to supply data centers and boost U.S. energy infrastructure. 3
Traders are closely watching insider moves. A Form 4 filed with the U.S. SEC revealed that Oklo co-founder and COO Caroline Cochran sold shares on Jan. 9. The filing noted these sales were executed under a Rule 10b5-1 plan — a prearranged trading schedule executives use to make sales. 4
The stock’s next move probably depends on a few still-unclear factors: the pace of funding from Meta, how fast Oklo secures fuel and contractors, and if other major clients jump on board.
A clear downside risk exists as well. Advanced reactor projects often face licensing delays, supply chain bottlenecks, and local permitting hurdles. Such setbacks could push timelines out, inflate costs, and strain investor patience—especially for firms needing to fund multi-year construction.
For now, the tape is calling the shots. Volume ran high and the intraday swings were broad, indicating positioning remains in flux rather than locked in.
The next key date for investors is the company’s upcoming quarterly report, anticipated by analysts tracked by Zacks to arrive around March 23, 2026. The company, however, has yet to confirm the exact timing. 5
