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Shares of Oklo (OKLO) rose 8% in premarket trading on Wednesday after appointing new, highly qualified directors to its board, who are expected to be better equipped to steer the nuclear technology company toward growth.
OKLO stock is on track for its fourth consecutive session of gains. It has more than doubled in the past 12 months, outperforming the benchmark S&P index.
Joining the company as directors are Dr. Mark Peters, David Christian, Derek Kan, and David Park, who bring experience from the nuclear, energy, industrial, and infrastructure sectors.
The company has also named Michael Thompson as its lead independent director and announced that technology chief Pat Schweiger will transition to the role of senior technical advisor.
The appointments come as demand for energy from alternative sources rises, with nuclear options becoming increasingly feasible for space, military, and artificial intelligence applications.
On Stocktwits, retail sentiment remained 'bullish' while messaging volumes turned high in the last 24 hours.
One user on the platform said the company is positioned as an "aggressive, tech-forward disruptor."
The same user highlighted that the company's products are highly suited for use by NASA and the U.S. Department of Energy.
Out of 19 Wall Street analysts covering the stock, 13 of them rate OKLO 'buy' or higher, five 'hold', and one 'sell.'
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