Oklo Stock Surges 15% on Nuclear Energy Tailwinds and DOE Contracts
Oklo Inc. (OKLO) rallied 15% Monday, extending its year-to-date gain to 21% amid broad sector strength. The microreactor developer closed at $89.34, marking its third consecutive positive session as peers NuScale Power and Nano Nuclear posted parallel gains.
Catalysts included the U.S. Energy Department's $2.7 billion uranium-enrichment awards, addressing critical HALEU fuel supply constraints for next-gen reactors like Oklo's Aurora Powerhouse. Concurrently, the House Energy subcommittee announced a sector review, underscoring policy momentum.
Wall Street maintains a Moderate Buy rating with $130.10 price target (45% upside potential), citing Oklo's DOE fuel chain contracts and macro tailwinds. Geopolitical tensions in Venezuela added energy sector volatility.
