Oklo Inc. (OKLO) has experienced significant stock volatility, declining roughly 47% over the past six months despite two recent positive regulatory developments. The advanced nuclear technology company, which has no revenue and posted a net loss of over $33 million in Q1 2026, saw brief rallies from U.S. Department of Energy (DOE) approvals but remains far below Wall Street’s average price target of $92.69, implying ~64% upside.
On May 26, the DOE selected Oklo for advanced negotiations under the Surplus Plutonium Utilization Program, sending the stock 9% higher at the open, though the gains faded within days. Then on June 11, the DOE’s Idaho Operations Office approved the Preliminary Documented Safety Analysis for the Aurora reactor at Idaho National Laboratory, triggering a 5.4% premarket jump to $56.92. The Aurora-INL plant, Oklo’s first fast fission power facility, will run on recovered fuel from the Experimental Breeder Reactor-II and is part of a federal pilot program aiming to have at least three test reactors operational at national labs by early July.
Oklo’s longer-term plans include a $1.6 billion nuclear fuel recycling facility in Tennessee, with construction starting in 2027, and a 1.2-gigawatt power agreement with Meta Platforms. The company also recently acquired precision manufacturer ARMEC, adding 40 engineers. Despite these milestones, execution risk and capital needs have kept sentiment mixed: while Wedbush maintains an Outperform rating with a $110 target, UBS rates the stock Neutral with a $55 target. Four analysts revised earnings estimates upward, and the consensus remains Moderate Buy.
