Oklo Inc (NYSE:OKLO) reported its fourth-quarter results on Tuesday.
Here are the key analyst insights:
- HC Wainwright analyst Sameer Joshi reiterated a Buy rating and price target of $130.
- Canaccord Genuity analyst George Gianarikas maintained a Buy rating, while lowering the price target from $175 to $125.
- Needham analyst Sean Milligan reiterated a Buy rating, while slashing the price target from $135 to $73.
Check out other analyst stock ratings.
HC Wainwright: Oklo did not report revenues for the quarter "as its products are still in the development stage," Joshi said in a note. The company's R&D expenses rose 52% sequentially to $32.5 million and loss from operations grew to $57.1 million, from $15.4 million in the year-ago quarter, he added.
After the quarter closed, the company raised $1.2 billion through its ATM (at-the-market) program, the analyst stated. "But the most significant near-term catalyst for the company remains achieving criticality of the Atomic Alchemy Groves Test Reactor by July 4, 2026," he further wrote.
Canaccord Genuity: Management detailed "their vision for a scalable, vertically integrated nuclear ecosystem," which has a three-part strategy comprising Power, Fuel, and Isotopes, Gianarikas said.
- Power – This acts as the primary engine for growth. As reactor deployments accelerate, Oklo’s fuel production and fabrication infrastructure scales.
- Fuel – Oklo is creating a fuel supply chain for its own fleet and for the wider advanced nuclear sector.
- The Isotopes unit is poised to extract, package, and monetize high-value co-products for the healthcare, defense, and space industries, creating a secondary revenue layer where the Power and Fuel divisions can supply the isotope co-products.
Needham: Oklo's results highlighted "solid execution and a strengthened balance sheet," Milligan said. The company has around $2.6 billion in pro forma liquidity, which removes "near-term funding risk," he added.
"Operationally, momentum remains solid," the analyst wrote, stating:
- Aurora INL is under construction with Siemens Energy secured for the power conversion system
- Meta prepayment agreement anchors the Ohio campus
- Groves remains on track for July 4, 2026
- Tennessee Advanced Fuel Center is advancing both site work and NRC licensing
OKLO Price Action: Oklo shares were down 0.45% at $60.25 at the time of publication on Wednesday, according to Benzinga Pro data.
Photo: Vink Fan from Shutterstock
Login to comment