DeWitte Jacob sold $3.2M of OKLO

UBS cut Oklo's (OKLO) price target to $41 from $55, citing government support for nuclear power and the company's Eielson Air Force Base project. The stock is down 50% in 2026 but rose 1.3% in pre-market trading. Oklo is developing a microreactor for the base and is involved in a DOE program.

UBS reduced its price target for Oklo Inc. (NYSE:OKLO) to $41 from $55, citing updated estimates and maintaining a Neutral rating. The stock is down 68% over the past year. Oklo reported a wider-than-expected Q2 2026 loss but exceeded revenue forecasts, with $3.0 billion in cash. The company launched a $1 billion stock offering program. UBS and Truist Securities highlight near-term execution risks and progress in projects.

Oklo (NYSE: OKLO) has raised $2.2B in 2025-2026 via two $1B at-the-market stock offerings, issuing 47.7M new shares, diluting shareholders by 25%. The nuclear tech company faces regulatory hurdles and high costs before commercial operations.

Oklo Inc. (OKLO) and X-Energy Inc. (XE) gained in after-hours trading after joining a $200M federal initiative to build nuclear power plants for AI data centers. The program includes Microsoft (MSFT) and Nvidia (NVDA), with $60M allocated to labs and universities. The initiative aims to accelerate reactor construction and reduce staffing needs, addressing rising electricity demand and grid strain.

Oklo (OKLO) shares rose 11% after the House passed the Ratepayer Protection Act, which requires large data centers to cover their own energy costs. Analysts maintain a Buy rating with a $85.46 target. X-Energy and NuScale also gained, with analysts seeing 106% upside for X-Energy.

Shares of Oklo (OKLO), NuScale Power (SMR), and X-Energy (XE) surged after the U.S. House passed the Ratepayer Protection Act, which may boost demand for their small modular reactors as data center power sources. XE stock rose 12.08% to $16.33. Analysts see 106% upside for XE, with a $33.71 average price target.