Why Oklo Stock Crushed the Market With a 10% Gain on Tuesday
Next-generation nuclear power company Oklo (NYSE: OKLO) was active on the stock market Tuesday. Investors flocked to it on news of a major U.S. state potentially expanding its nuclear-generating capacities. The ongoing conflict in the Middle East might also be shaping market sentiment on alt-energy companies.Ultimately, Oklo's shares closed the day 10% higher, well ahead of the 1.1% increase of the S&P 500 (SNPINDEX: ^GSPC).Late on Monday, New York Governor Kathy Hochul announced she is directing the New York Power Authority to develop at least one new nuclear power plant. She added this should have 1 gigawatt of electricity-generating potential, at a minimum. Continue reading
Next-generation nuclear power company Oklo (NYSE: OKLO) was active on the stock market Tuesday. Investors flocked to it on news of a major U.S. state potentially expanding its nuclear-generating capacities. The ongoing conflict in the Middle East might also be shaping market sentiment on alt-energy companies.
Ultimately, Oklo's shares closed the day 10% higher, well ahead of the 1.1% increase of the S&P 500 (SNPINDEX: ^GSPC).
Late on Monday, New York Governor Kathy Hochul announced she is directing the New York Power Authority to develop at least one new nuclear power plant. She added this should have 1 gigawatt of electricity-generating potential, at a minimum.
