Oklo is down 63% year to date at $26.28, near TD Cowen's $26 price target after the firm initiated coverage with a Hold rating. Peers also fell sharply: NuScale is down 62% to $5.34 and Centrus Energy is down 59% to $99.63, while the Global X Uranium ETF is down 19% and the SPDR S&P 500 ETF is up 12% to $765.85. The article notes that Oklo, which still has no commercial power sales, faces doubts about development timelines and cash burn, whereas Centrus earns revenue from fuel sales. Supporters point to AI data center power demand, federal backing under the ADVANCE Act, and possible radioisotope revenue from Atomic Alchemy as grounds for a rebound. The author suggests keeping OKLO positions small given the cash burn and dilution risk.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Okloelectricitynuclear energydata centers
Open a keyword to see other news on the same topic.
Related news
- Oklo Is Down 61% This Year Despite a Real Technical Milestone. Here's the Disconnect Between the Stock and the Science.
Oklo stock has fallen more than 60% this year, and the VanEck Uranium and Nuclear ETF (NLR) has dropped 25%, as Wall Street has grown less confident about nuclear stocks. Oklo's AI power opportunity, once its main tailwind, has become a headwind as investors question whether spending on AI infrastructure will deliver big returns. The company has reached technical milestones, including first criticality of its Groves test reactor in Texas in August, NRC approval of principal design criteria for its Aurora powerhouse in May, and DOE approval of a preliminary safety analysis for a reactor in Idaho. However, Oklo remains unprofitable, is still burning cash, and lacks regulatory approval for Aurora, whose planned 2028 launch is not guaranteed given its history of delays. The author suggests a small speculative position may fit some investors, while less aggressive investors may prefer other growth stocks.
- NuScale Power Sinks 7% to New 52-Week Low as Barclays Cuts to Underweight; Oklo Falls 5%, Centrus Energy Drops 3%
Barclays downgraded NuScale Power (SMR) from Equal Weight to Underweight and cut its price target below the last close. In morning trading, the stock fell 7% to $5.26, a new 52-week low, while Oklo fell 5% and Centrus Energy dropped 3%. UBS had cut the stock to Sell in September over long commercialization timelines, weak customer commitments and heavy expected cash burn. The core issue is that NuScale has yet to land a binding reactor order, despite holding the only U.S. NRC design certification for a small modular reactor, while ENTRA1 Energy is in talks with the Tennessee Valley Authority toward a definitive power purchase agreement. The article flags TVA updates and upcoming earnings as the key catalysts to watch.
- Oklo (OKLO) Dropped, So What Is Driving Attention Now?
Oklo (OKLO) plans to advance its Groves 2 Forge isotope facility under the U.S. Department of Energy's Nuclear Energy Launch Pad program, while its shares have fallen 11.07% over 30 days and 58.60% year to date. Its 1-year total shareholder return is down 81.16%, though the 3- and 5-year returns remain very large. The article cites 20-year power purchase agreements with Meta, a 12 GW agreement with Switch through 2044, and the NRC's approval of Principal Design Criteria for Aurora. However, revenue is essentially zero, a $33m net loss was posted, and no commercial plants are operating yet; the company holds about $1.6B in cash, $600m in marketable equities, and has a market cap of roughly $11b. One widely followed valuation narrative puts fair value at $80.55 against a last close of $32.21, but the article stresses that announcements do not equal concrete cash flow or profit.
- Constellation Energy Pledges 890 MW of Uprates for Google: “Growing Energy Needs”
Constellation Energy (CEG) signed a 3,590 MW package with Google, including a 20-year PPA for 890 MW of new nuclear capacity from uprates at 11 units in Illinois, Pennsylvania and New Jersey, plus a 15-year supply agreement for 2,700 MW from the existing PJM fleet. Constellation plans more than $4.3 billion of investment, with the first uprate online in 2028 and all 890 MW in place by the end of 2032. Shares closed at $253 on October 23, down 30.5% year to date and 38% below the 52-week high of $406.04, even as the NRC opened a special inspection at the Dresden plant on October 14. Q2 revenue rose 23% to $7.50 billion and adjusted operating EPS rose 33% to $2.55, and management raised 2026 adjusted operating EPS guidance to $11.50–$12.50 ahead of the November 9 Q3 report. Nuclear output fell 2.2% in Q2 to 44,160 GWh; the author says the long-dated contracts could make earnings more predictable, while operational risk, especially the Dresden inspection, remains the key question.
- Amazon to fund 12 small nuclear reactors at former Indiana coal plant
Amazon is funding a proposed 960-megawatt nuclear plant in Indiana and will be its first power buyer, the companies announced Monday. American Electric Power (AEP) will operate the plant, while X-energy will supply 12 Xe-100 small modular reactors on the site of a demolished coal plant south of Terre Haute. This is the second Amazon–X-energy deal and three times larger than the first; unlike many new plants, it will connect to the public grid, though Amazon says the power will also serve its data centers. The timeline still hinges on X-energy delivering its first plant at Seadrift, Texas, which is the subject of a state lawsuit and has not yet broken ground.
- Nuclear Stock X-energy Ends A Losing Streak. Oklo Makes A New Low.
Related markets
Latest news
- JetBlue posts bigger loss on fuel costs, but CEO says margins improving
JetBlue posted a third-quarter net loss of $257 million, wider than the $143 million loss a year earlier, as its fuel bill rose 61% to $868 million. CEO Joanna Geraghty said resilient demand and strong yields pushed revenue well above initial expectations, a momentum that has carried into the fourth quarter, while average fares rose more than 19% to $245.11. Shares jumped roughly 11% in after-hours trading Monday after falling to a new low, and the carrier ended the quarter with $2.2 billion in liquidity and $8.4 billion in total debt. The Wall Street Journal reported that a group of senior creditors is working with PJT Partners, while CFO Ursula Hurley said the company aims for at least $1 EPS and positive free cash flow in 2028. A judge blocked both the Spirit Airlines acquisition and the American Airlines partnership, and JetBlue now has a partnership with United Airlines.
- Why Google might avoid an earnings 'reckoning' this week
According to D.A. Davidson analyst Gil Luria, Google (GOOG) has several advantages ahead of this week's earnings that Meta (META) lacked after its negative surprises. Google already did some fundraising and signaled a significant increase in capex for next year when it reported Q2, so that concern may be behind it. Co-founders Sergey Brin and Larry Page moved out of California before the 1/1/26 cutoff and may avoid selling shares, letting investors focus on Google Cloud growth driven by Anthropic. Meta posted negative free cash flow for the first time since 2012 amid aggressive AI spending and created a nonvoting Class C stock, effectively a 2-for-1 split, with trading slated for January 2027. Meta shares have faced pressure over fears that Zuckerberg may have to sell shares to pay his Prop 40 tax bill, while Luria says Google ranks second or third in each AI market.
- 1 small-cap stock to target this week and 2 we find risky
The article highlights ANF (market cap $6.61 billion), a specialty retailer selling its own fashion brand to young adults, as a small-cap stock worth noting this week, while ASAN and PIPR are grouped as risky. ASAN (market cap $2.75 billion, priced at $11.83) posted average ARR growth of 9.5% over the last year and a 96.5% net revenue retention rate, which the article links to customer churn from commoditized software and long sales cycles caused by customization for large enterprise clients. It trades at about 3x forward price-to-sales. PIPR (market cap $4.34 billion, $64.58 per share) saw annual revenue growth of 5% over the last five years and EPS growth of 3.3%, which the article notes trailed its revenue gains, and it trades at 13.3x forward P/E.
- Tesla Isn't a Hyperscaler. Why the AI Bears Are Misreading Its $5 Billion Capex Cut.
Tesla lowered its 2026 capital expenditure (capex) forecast from more than 25 billion USD to approximately 20 billion USD, CFO Vaibhav Taneja said on the third-quarter earnings call. The move does not mean Tesla is backing away from AI, as it continues to develop Full Self-Driving, expand its Cybercab robotaxi program, and work on Optimus robots, but it does not need to build data center capacity on the scale of Amazon Web Services or Azure. Third-quarter revenue was 28.05 billion USD, essentially unchanged from a year earlier, while operating margins narrowed from 5.8% to 2.6%. Tesla still generated 1.53 billion USD in free cash flow during the quarter and ended September with more than 45 billion USD in cash and investments. The article argues the cut reflects timing rather than intent, since management expects capital spending to rise in coming years.
- Quantum computing could 'brute force break' most banks' encryption
Algorand CEO William Herkelrath says quantum computing could let brute-force attacks break most banks' current encryption, so every system will need upgrading. He says the threat is on the horizon, with estimates ranging from two to three years or sooner. He notes government mandates in Europe and the United States, and that 2027 CISO budgets already include related line items. Federal agencies have until October 22 to submit upgrade plans, which cover databases, messaging systems and authenticator apps. He hopes the costs will not fall on consumers and says his company is getting more inbound interest than before.
- Is CoreWeave a Screaming Buy Right Now? 3 Reasons the Stock Could Hit $100 Before the End of the Year.
CoreWeave (CRWV) stock fell 41% in less than three weeks as investors grew skeptical of AI infrastructure build-out costs, after its bond yields reached as high as 15% and some anticipated bankruptcy. The article argues the sell-off could be an attractive buying opportunity and gives three reasons the stock could reach $100 by year-end. First, AI compute demand still outstrips supply, with Amazon saying its cloud capacity is nearly sold out through 2027. Second, Nvidia is a major investor, taking a $2 billion stake in January and agreeing to buy up to $6.3 billion in unused capacity through 2032. Third, interest rates have eased from their peak, and third-quarter earnings expected on Nov. 11 could show revenue up 159.4% to $3.54 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.