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Shares of Oklo Inc. (OKLO) snapped a three-day losing streak to surge more than 12% on Wednesday after the company provided an update with respect to its report for the Aurora powerhouse.
Oklo stated that it has received approval from the U.S. Nuclear Regulatory Commission (NRC) with respect to its Principal Design Criteria (PDC) topical report for the Aurora powerhouse currently under construction in Idaho.
Oklo shares were up more than 11% in Wednesday’s midday trade. OKLO was among the top trending tickers on Stocktwits at the time of writing.
Oklo praised the NRC for its accelerated review schedule of the PDC topical report, stating that it reflects the regulator’s efforts to modernize licensing pathways for advanced reactors while maintaining stringent safety standards.
Oklo said the PDC topical report received approval in less than half the time typically required for regulatory reviews.
The company also noted that the regulator accepted the report for review within 15 days of submission, compared with the usual 30- to 60-day timeframe.
“Performance-based licensing, clear criteria, and efficient reviews are important to advancing modern nuclear projects safely and responsibly,” said Oklo CEO Jacob DeWitte.
The company stated that the approval allows the report to be cited in future applications and minimizes the need for regulators to revisit previously reviewed material.
Oklo added that its PDC topical report creates a regulatory framework outlining key safety, reliability, and performance standards that will support future reactor design and licensing efforts.
The approval also comes after the passage of the ADVANCE Act, which seeks to create a faster and more efficient pathway for deploying advanced nuclear technologies. Together, the measures underscore growing federal support for innovation across the U.S. nuclear industry.
Retail sentiment on Stocktwits around Oklo trended in the ‘bullish’ territory, with message volumes at ‘normal’ levels.
One bullish user stated that they added the OKLO stock today, while highlighting that they will add more on days when the shares fall.
Another user thinks that the OKLO stock can go nuclear.
OKLO stock is up 6% year-to-date and 166% over the past 12 months. The Global X Uranium ETF (URA) is up 117% over the past 12 months, while the Vanguard Total Stock Market Index Fund ETF (VTI) is up 31%.
Also See: Why Is AUR Stock Soaring Today?
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