Oklo stock (NYSE: OKLO) soared over 13% on Monday to hit a new all-time high amid growing investor enthusiasm for nuclear energy and its potential role in powering AI data centers.
The latest surge came after some optimistic ratings from analysts like Barclays and Canaccord Genuity, both issuing ‘Buy’ ratings for the Oklo stock.
Monday’s rally is one of many examples of how well Oklo stock has done this year as the pre-revenue nuclear energy company delivered a whopping 1,130% over the past year.
Oklo stock: What’s behind new all-time high?
It’s not very hard to see the reasons behind Oklo stock hitting a new all-time high.
A big part of that surge comes from rising demand for reliable, clean power, especially from AI data centers that need massive amounts of energy but also want to stay sustainable.
Analysts are taking notice, too. Barclays and Canaccord Genuity have both rated the stock a ‘Buy’, with price targets ranging from $146 to $175, which has only fueled investor excitement.
What really sets Oklo apart is its vertically integrated model. Instead of just designing reactors and selling them off like many competitors, Oklo builds, owns, and operates its own small modular reactors.
That gives it more control, faster regulatory approvals, and stronger long-term returns. The company already has a 14-gigawatt customer pipeline and financing lined up through a mix of debt and investment tax credits.
On top of that, Oklo’s strategic partnerships, including deals with the US Department of Defense, data center providers, and Sweden’s Blykalla, are helping it cement its place in the market.
Its technology also stands out: fast neutron reactors cooled by liquid sodium, which are more efficient and safer than traditional nuclear systems.
Now, it’s worth noting that Oklo is still pre-revenue and isn’t expected to be profitable until after 2030.
But investors seem to be betting on the long game, confident that Oklo’s tech, partnerships, and the growing push for clean energy will keep driving growth in the years ahead.
Wall Street rebounds after Friday’s plunge
Oklo stock rally came amid a broader momentum on Wall Street following comments by President Donald Trump suggesting that trade relations with China “will all be fine,” easing fears of a looming tariff escalation scheduled for November 1.
Despite last week’s declines, with the Dow down 2%, the S&P 2.4%, and Nasdaq 2.5%, markets sought stability with hopes of a positive resolution in US-China trade talks.
To add to the rejoice of investors, OpenAI announced its partnership with Broadcom on Monday to build its first AI processor.
The news added to the bullish momentum, especially in the tech space, with major companies witnessing a surge in their stock prices.
However, ongoing concerns about the US government shutdown, which threatened to disrupt federal payrolls starting October 15, added uncertainty.
Investors were also awaiting crucial economic data delayed by the shutdown, such as inflation and jobs reports.
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