Oklo stock (OKLO: NYSE) surged to a new intraday high on Tuesday, trading at $82.39 at press time and pushing the company’s market cap to roughly $11.7 billion.
The jump reflects growing excitement around Oklo’s clean nuclear energy technology and its expanding network of industry partnerships.
The stock has had an explosive run, up, nearly 770% over the past year. In 2025 alone, it’s more than tripled, with gains of over 215% year-to-date.
Much of that momentum has come from increased confidence in Oklo’s next-gen reactor tech and its potential to shake up the energy sector.
Earlier this year, shares were trading in the mid-$50 range before this latest leg higher.
Oklo stock: What’s behind the rally?
A big part of it is progress on its Aurora reactor project, the company’s first shot at a commercial small modular nuclear plant.
Regulators at the US Nuclear Regulatory Commission have started to give the go-ahead on early-stage approvals, which helps speed things up and gives investors more confidence that this project is actually moving forward.
Then there’s the Liberty Energy deal. Oklo’s teaming up with them to pair its nuclear tech with Liberty’s natural gas infrastructure.
The idea is to create reliable, low-carbon power for industrial customers that can’t afford any downtime. For investors, it’s a sign that Oklo isn’t just about hype; it’s finding real partners and real markets.
Oklo also brought Kiewit Nuclear Solutions on board to head up construction for the Aurora plant. Pre-construction work is expected to kick off later this year, with the company aiming to have the plant up and running by late 2027 or early 2028.
If things stay on track, Oklo could be among the first to bring next-gen nuclear power online, right as demand for clean, steady energy continues to climb.
Good time to buy?
Wall Street is starting to catch on to Oklo’s momentum. A handful of analysts have bumped up their price targets, betting the company’s bigger reactor plans and long runway for growth could pay off in a big way.
Citi, for one, hiked its target from $30 to $68 last month, a clear sign it sees room for the stock to keep climbing as Oklo breaks into new markets.
That said, not everyone is charging in without caution. Some market watchers have flagged the stock’s sharp run-up and rich valuation as potential red flags. Still, the overall mood remains bullish.
With progress stacking up from clearing regulatory hurdles to locking in major partnerships, Oklo’s looking more and more like a company that could actually pull it off. If things stay on track, it might just become a serious player in clean energy over the next decade.
The broader analyst consensus backs the bullish sentiment. Out of roughly eight reports, the stock holds a strong buy rating, with a median price target hovering around $78-$80.
It’s a clear signal that Wall Street sees long-term promise in Oklo’s play for a bigger role in the future of nuclear energy.
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