Oklo (OKLO, Financial) gave back some of its gains Tuesday, dipping nearly 9.2% at 12.29pm, after a strong Monday rally. The pullback came as the company posted a wider loss of $73.6 million for 2024—more than double last year's figure—but investors aren't flinching. With $275 million in cash and a clear target in sight, Oklo is charging ahead with plans to submit its full license application for the Aurora Powerhouse later this year. If all goes according to plan, the company's first reactor will be generating electricity by late 2027 or early 2028—a milestone that would make it the first commercial small modular reactor in the U.S. Oklo is betting that rising AI power demand and a supportive regulatory environment will create a golden moment for next-gen nuclear.
Wedbush seems to agree. The firm reaffirmed its $45 price target and Outperform rating, pointing to Oklo's 534% stock surge over the past year as evidence that investors are buying the vision. Oklo is also building out its long-term playbook—completing the acquisition of Atomic Alchemy, expanding its board with veterans from energy and capital markets, and mapping out a fuel cycle that could start generating revenue in early 2026. With a 14 GW pipeline, near-zero debt, and a clean balance sheet, Oklo is quietly setting itself up as a key player in the next phase of U.S. energy infrastructure—right as power-hungry AI data centers start reshaping demand curves.
What makes Oklo even more interesting is how deliberately it's laying the groundwork for scale. The company expects to burn through another $65 to $80 million in 2025, funneling that capital into license approvals, reactor development, and completing its nuclear fuel supply chain. It's a bold move—but one backed by a rock-solid current ratio of 48.45 and almost no debt. Oklo isn't just chasing a first-mover advantage; it's designing for durability in a space where speed, regulation, and capital discipline all collide. If it executes, Oklo won't just be a nuclear startup—it'll be a cornerstone of the AI-powered grid of the future.
