business / news / / Barchart
Oklo (OKLO) has muscled its way into the spotlight, with Bank of America Corporation (BAC) now calling the company an “early leader” in the fast-heating nuclear race.
Oklo signed a nearly 1.2 GWe binding power agreement with Meta Platforms for its reactors.
KEY POINTS
- Bank of America restarted coverage of Oklo with an $80 price target, citing unique business strategy.
- Oklo's development pipeline exceeds 14 GWe through non-binding customer letters across multiple sectors.
- The company raised $1.2 billion via an equity offering, ending Q1 with $2.5 billion in cash.
- Despite no near-term revenue, analysts assign Oklo a Moderate Buy and foresee 25.6% price upside.
COMPANIES
Summarized by Newsio from Barchart. How we summarize →