OKLO Stock Rises Premarket: Retail Doubles Down On Nuclear Energy Bet After Bullish Wall Street Call

• BofA’s Singh said that Oklo was positioned as a "potential early leader" in small modular reactors due to its differentiated, vertically integrated "build-own-operate" model, as per TheFly. 
• Oklo, which is backed by OpenAI's Sam Altman, has a strong balance sheet with substantial cash reserves and zero debt to fund its research and development. 
• The stock also garnered significant retail attention, with message volumes around OKLO surging 150% on Stocktwits in the past 24 hours, according to platform data.

Shares of Oklo Inc. (OKLO) climbed 2.7% in the premarket session on Tuesday as retail investors continued to pile into nuclear energy stocks amid growing industry optimism and bullish sentiment from Wall Street analysts.

On Friday, Bank of America analyst Rinny Singh reinstated coverage of Oklo with a ‘Buy’ rating and a $80 price target, implying more than 21% upside from its last close.

The stock also garnered significant retail attention, with message volumes around OKLO surging 150% on Stocktwits in the past 24 hours, according to platform data.

Oklo: A Leader In Small Modular Reactors?

BofA’s Singh said that Oklo was positioned as a "potential early leader" in small modular reactors due to its differentiated, vertically integrated "build-own-operate" model, as per TheFly.

The analyst said that Oklo has secured a binding power agreement of about 1.2 GWe with Meta Platforms (META) and amassed a pipeline exceeding 14 GWe under non-binding customer letters, adding that the early commercial validation underscored the firm’s conviction.

Oklo, which is backed by OpenAI's Sam Altman, has a strong balance sheet with substantial cash reserves and zero debt to fund its research and development. The Santa Clara, California-based company’s first commercial "Powerhouse" reactor has also broken ground in Idaho.

Meanwhile, the analyst has a ‘neutral’ rating on rival NuScale Power (SMR), with a $12 price target, indicating about 5% upside relative to its latest closing price. BofA said that although NuScale had a first-mover regulatory advantage as the only small modular reactor with U.S. Nuclear Regulatory Commission Standard Design Approval, the analyst expressed concerns over the fact that revenues remain tied to services, the first reactor power is not expected until the early 2030s, and converting agreements to firm deals has been slower than anticipated.

OKLO Stock: Retail Stance

On Stocktwits, retail sentiment around OKLO stock slipped from ‘neutral’ to ‘bearish’ territory over the past 24 hours.

One user said, “Once the AI-trade takes a breather, the NEXT super-cycle will rotate into nuclear-related stocks.” The user listed OKLO as of the SMR and advanced reactor companies with the highest risk-to-reward ratio, calling it one of the “picks & shovels of the future.”

https://stocktwits.com/MorganHoratio/message/654321251

Another user said, “The AI trade is no longer just chips, it’s turning into a full ENERGY story and the grid is becoming the real bottleneck.” The user named four energy stocks on their radar, including OKLO and SMR. “If energy demand keeps compounding with AI buildout, these could be multi-year compounders,” they added.

OKLO shares have gained more than 22% in the last 12 months.

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