Oklo aims to turn nuclear waste into clean energy

Holtec Nuclear Corporation filed for an IPO on Nasdaq (ticker HNUC), generating $165M revenue and $17.8M net income in Q1 2024. Unlike Oklo (OKLO), Holtec has existing revenue and earnings, focusing on nuclear equipment, waste management, and SMR development. Holtec plans to use IPO proceeds for SMR programs and expansion. Oklo, a pre-commercial nuclear startup, has minimal revenue and significant losses, raising concerns for investors.

The U.S. Army allocated $2.2B for micro nuclear reactors, selecting five developers. The Janus Program aims for operational reactors by 2028. NuScale Power (SMR) and Oklo Inc. (OKLO) are positioned to benefit as pure-play SMR stocks, despite risks like unprofitability and customer pipeline uncertainty.

Oklo (OKLO) and Meta (META) agreed to build a 1.2-gigawatt nuclear facility in Ohio, with construction starting in 2027 and first phase online around 2030. Oklo's Aurora reactors, though faster and cheaper to build, are untested. Oklo's stock is down 45% this year. Microsoft also signed a nuclear power deal for its AI data centers.

Oklo (OKLO) stock rose 12% to $44 on supply concerns amid U.S.-Canada trade tensions, adding $850M to its market cap. The company's Aurora reactors rely on advanced fuels, and recent political developments highlight risks tied to material access. Oklo has strong cash reserves ($3.01B) and operational milestones, like its Groves reactor reaching criticality. Analysts' price targets range from $14 to $130, with an average of $80.

Intuit (INTU) fell 3.37% to $357.46 after reporting Q4 revenue of $4.35B and adjusted EPS of $4.03, beating estimates, but guidance missed. DICK'S (DKS) dropped 30.68% to $124.31 after cutting its full-year profit outlook. Zoom (ZM) declined 3.73% to $100.92, despite Q2 earnings beat, on weaker Q3 guidance. Oklo (OKLO) rose 11.54% to $44.27 on uranium price gains and nuclear sector optimism. Rezolve AI (RZLV) climbed 21.81% to $2.96 after Google selected its platform for Google Cloud.

Oklo Inc. (NYSE:OKLO) shares rose 11.5% to $44.26, increasing its market cap by $850M. The surge followed Ontario's mention of uranium in U.S.-Canada trade tensions. Oklo reported $3.01B in cash and marketable securities as of June 30. The company's Groves reactor achieved initial criticality, a key milestone. Analysts' price targets vary, with a consensus suggesting ~80% upside.