Oklo Shares Plunge After DOE Announcement Lacks Federal Funding and Specific Mention of the Company

Oklo stock slid 9.86% after the U.S. Department of Energy (DOE) announced a 'New Effort to Modernize America's Nuclear Fuel Cycle,' sparking investor concern over the company's role in the new infrastructure initiative.

• The DOE issued a Request for Information (RFI) for 'Nuclear Lifecycle Innovation Campuses' as part of its modernization effort.
• Analysts observed that the RFI did not mention Oklo or allocate specific federal funds to the company.
• This absence led to investor concerns that Oklo may face increased competition and significant capital investment burdens to participate in the new nuclear opportunity.