New York, Jan 28, 2026, 21:21 EST — The market has closed.
- Oklo ended the day 10.8% higher at $94.39, having reached $95.25 at one point.
- Texas Capital Securities initiated coverage, setting a Buy rating and a price target of $138.
- Traders are balancing renewed analyst optimism with the lengthy timeline required for new nuclear projects.
Oklo Inc. shares surged Wednesday following Texas Capital Securities’ initiation of coverage with a Buy rating, reigniting interest in the nuclear start-up. The stock finished 10.8% higher at $94.39. (Benzinga)
This shift is significant as investors search for “always-on” power options to support data centers, putting nuclear back in the spotlight. Oklo remains in the build-and-permit phase and is driven more by story and funding risks than by immediate revenue prospects.
Washington is ramping up its focus on small reactors, which are promoted as faster to construct than conventional plants. This month, the U.S. Department of Energy handed out significant grants for small modular reactor projects, underscoring how policy shifts can rapidly sway sentiment in this sector. (Reuters)
Oklo has pushed to tie its narrative to big-load demand. Just earlier this month, the company teamed up with Meta, unveiling a deal to back 1.2 gigawatts of nuclear power in southern Ohio. (Oklo)
Texas Capital set a $138 price target, dubbing Oklo “the best investment vehicle for those bullish on advanced nuclear solutions.” The firm highlighted Oklo’s Aurora design — a sodium-cooled fast reactor that uses liquid sodium instead of water as a coolant. But the note also warned about the uneven setup: Oklo isn’t profitable yet, and its shares can swing widely. The stock’s moves hinge more on permitting, customer funding, and build milestones than on quarterly earnings. (Investing)
Still, even the bulls are betting on a long timeline. New reactors require licenses, supply chains, and flawless construction—any delay could push back schedules and increase the risk of further dilution throughout the sector.
Traders will be watching the next session closely to see if Wednesday’s surge in volume and new coverage lead to sustained gains or if the stock slips back into a choppy trading range.
The initial challenge arrives Thursday morning (Jan. 29), as investors decide if the fresh $138 target will attract more buyers following the recent close-to-close surge.
