$OKLO

FuelCell Energy (FCEL) and Oklo (OKLO) are developing power solutions for data centers. FCEL has operational fuel-cell systems, growing customer commitments, and plans to expand production, targeting positive EBITDA in Q4 2027. OKLO's advanced nuclear projects are in development, with commercial operations targeted for 2028. FCEL's stock has surged 124.2% YTD, while OKLO has fallen 46.7%. FCEL trades at 1.33X P/B, compared to OKLO's 2X.

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's Groves reactor achieved criticality in August, demonstrating rapid development. Its stock surged 13% on September 17, part of a broader nuclear sector rally driven by AI's power needs. Oklo's market cap reached $7.5 billion, double NuScale Power's. The company has a deal to supply Meta with 1.2 GW of power by 2034. Bank of America estimates a $10 trillion global nuclear opportunity by 2050. Oklo's next milestone is commercializing its Aurora reactor.

Uranium stocks rose on Monday, rebounding from a prior sell-off. NexGen Energy (NXE) gained after receiving an Overweight rating. The Global X Uranium ETF (URA) climbed 3.1% in morning trading. Small modular reactor makers, including Oklo (OKLO), also saw gains.

Oklo (OKLO) and NuScale (SMR) stocks have dropped 49% and 43% year-to-date, respectively, with short interest at 17% and 16%. Both companies are pre-revenue, raising capital through share sales, and face uranium supply shortages. Short sellers have gained over $2 billion as market caps fell by $30 billion. Wyckoff theory suggests the stocks are in a markdown phase, but short squeezes remain a risk.

U.S. stock futures declined ahead of earnings from Tesla (TSLA) and Alphabet (GOOGL). Crude oil surged to $85/barrel, impacting risk appetite. SMCI shares rose 16% on record AI order backlog. INTC and SKHY denied acquisition talks. OKLO and XE gained on nuclear energy initiatives. TSLA and GOOGL report after market close.

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.

The U.S. House passed the Ratepayer Protection Act (417-3), which aims to make large data center operators pay higher rates for their power consumption. If enacted, this could boost nuclear energy stocks, particularly those involved in small modular reactors (SMRs). Oklo Inc. (OKLO) and NuScale Power (SMR) are highlighted as potential beneficiaries, along with Vistra Corp. (VST), GE Vernova Inc. (GEV), and Bloom Energy Corp (BE).