By Durva More
Copyright indiatimes
TIMESOFINDIA.COM
Oklo Inc (OKLO) shares went up 18% pre-market on Friday. The stock has already rallied 60% this month. This rise came after a US-UK nuclear energy deal called the Atlantic Partnership for Advanced Nuclear Energy. The deal is meant to speed up the use of next-generation nuclear technologies.Oklo announced plans for a $1.68 billion advanced fuel recycling facility in Tennessee. The company is collaborating with Lightbridge and ABB on technology projects. Oklo was chosen for three projects under the U.S. Department of Energy’s Reactor Pilot Program. Rising demand for clean energy helped increase investor confidence in the stock, as reported by Benzinga.Oklo stock price and market growthThe Federal Reserve’s recent interest rate cut also supported favorable market conditions. Oklo’s stock rose 33% in the past week because of these positive developments. Benzinga Edge Rankings gave the stock a Momentum score of 99.70, showing strong market confidence. OKLO shares traded at $120.20, up 14.49% during Friday’s session, as stated by Benzinga. The 52-week high of the stock is $110.82 and the 52-week low is $7.00. BofA Securities started coverage with a “buy” rating and a $92 price target. After this rating, Oklo shares gained 3.6%. The company is in the spotlight because AI-driven data centers need more energy, which Oklo can supply. Its partnerships suggest future growth potential in the clean energy and AI sectors, as per the reports. Oklo’s financial health and growth potentialIn the recent quarter, Oklo reported a loss of $24.7 million, but investors are focusing on strategic investments and partnerships. Oklo has over $731 million in assets and very little long-term debt. The current ratio is 71.3, showing strong liquidity. Investors compare Oklo with NuScale Power, another advanced nuclear company seeing stock growth. Partnerships with AI energy projects are creating excitement, but financial risks remain, according to the report by StocksToTrade.Live EventsTim Bohen from StocksToTrade said, “Preparation is half the trade. By the time the bell rings, my decisions are nearly made.” Oklo is balancing innovation and financial caution, making it a high-risk, high-potential stock. Upcoming earnings reports and new partnerships will show if the stock can keep climbing.FAQsQ1. Why did Oklo stock rise 18%?Oklo stock rose due to the US-UK nuclear deal, new projects, and AI energy partnerships.Q2. Is Oklo a good stock to buy?Oklo is high-risk but has growth potential because of its clean energy and AI partnerships.Add as a Reliable and Trusted News Source Add Now!
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