New York, Jan 6, 2026, 14:17 EST — Regular session
- Oklo shares up about 4% in afternoon trade, tracking a broader bid in nuclear-linked stocks
- U.S. Energy Department awards $2.7 billion in enrichment task orders aimed at boosting LEU and HALEU supply
- Next watch: House Energy and Commerce nuclear hearing on Wednesday
Shares of Oklo Inc. (NYSE: OKLO) rose about 4% to $92.93 in afternoon trading on Tuesday, as nuclear-linked names stayed bid after fresh U.S. policy moves on the fuel supply chain. The stock ranged from $88.90 to $95.66, with about 13.5 million shares traded.
The advance comes a day after the U.S. Energy Department awarded $2.7 billion in task orders to American Centrifuge Operating, General Matter and Orano Federal Services to expand uranium enrichment capacity over the next decade. The orders include support for high-assay low-enriched uranium (HALEU) — uranium enriched to between 5% and 20% — and come as Washington seeks to end reliance on Russian supply, with a full ban on Russian uranium imports due by 2028. Energy Secretary Chris Wright said the awards show the administration is “committed to restoring a secure domestic nuclear fuel supply chain.” 1
Enrichment is the process of increasing the share of the fissile uranium-235 isotope in uranium fuel. The Energy Department said the awards will be distributed under a milestone-based approach and are intended to support the nation’s 94 commercial reactors while building supply chains for advanced designs that plan to use HALEU. 2
Centrus Energy, whose American Centrifuge unit is among the recipients of the task orders, gained about 5.4%. NuScale Power, another U.S. developer of small reactors, was up about 0.8%.
Oklo, based in Santa Clara, California, is developing fast fission power plants and fuel recycling technology and aims to sell electricity and heat under long-term power purchase agreements. Its Aurora reactor line is designed to produce 15 to 50 megawatts of electricity. 3
For Oklo investors, the fuel question sits next to larger hurdles: licensing, building, and converting customer interest into long-duration contracts. Tuesday’s move puts the spotlight on how quickly HALEU supply can scale and what that means for project timelines across the sector.
But milestone-based contracts can slip, and enrichment projects take years to build and certify. Nonproliferation critics also warn that higher-enriched fuel raises weapons risks, a debate that could translate into tighter oversight or limits that slow deployment.
The next catalyst comes on Wednesday, when the House Energy and Commerce Committee’s Energy Subcommittee is scheduled to hold a hearing titled “American Energy Dominance: Dawn of the New Nuclear Era” at 10:15 a.m. EST. Traders will watch for signals on licensing and fuel policy that could set the tone for nuclear and uranium-linked stocks. 4
