Oklo Inc. (OKLO) is trading near its recent high at $104.64 in pre-market, following a volatile week where the stock surged 46.6%, driven by multiple positive operational catalysts and favorable analyst actions, including an upgrade from Seaport Global.
- The recent strength follows key developments, including a prepayment deal with Meta for a 1.2-gigawatt nuclear power campus and successful DOE approvals for both the Aurora Fuel Fabrication Facility and a radioisotope pilot plant.
- Seaport Global upgraded OKLO from Neutral to Buy, while Wedbush maintained its Outperform rating with a $150 price target.
- CEO Jacob DeWitte sold $32.4 million in stock under a pre-arranged 10b5-1 plan, which management noted is a typical liquidity action and not a signal of negative sentiment.