Oklo Inc. (OKLO) shares surged 10.7% on Wednesday. The stock closed the session at $94.39.
The rally followed a broader upward trend among nuclear energy stocks. This trend was triggered by a new Department of Energy (DOE) initiative.
The DOE announced it seeks states to host “Nuclear Lifecycle Innovation Campuses.” These campuses aim to bolster the domestic nuclear fuel supply chain, including used fuel recycling.
The market reaction reflects investor optimism that government support will accelerate nuclear sector development. The DOE move acts as a tailwind for companies developing advanced nuclear reactors, such as Oklo.
The stock jump occurred on higher-than-average trading volume. This suggests a potential shift in institutional sentiment toward the nuclear energy space. No other direct company-specific news was reported.