Why Oklo Stock Is Plummeting Today
Shares of Oklo (NYSE: OKLO) are tumbling on Tuesday. The nuclear energy start-up's stock lost 7.4% as of 1:45 p.m. ET and was down as much as 10.7% earlier in the day. The drop comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were mostly flat.The company is working to create small nuclear reactors, and released its year-end financial results that revealed widening losses.Oklo reported a loss of $73.62 million in 2024, more than double the $32.17 million it lost in 2023. These results come as the company continues its quest to develop its first "powerhouse" reactor at Idaho National Laboratory. The growing losses concerned investors about the company's ability to eventually turn a profit. Continue reading
Shares of Oklo (NYSE: OKLO) are tumbling on Tuesday. The nuclear energy start-up's stock lost 7.4% as of 1:45 p.m. ET and was down as much as 10.7% earlier in the day. The drop comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were mostly flat.
The company is working to create small nuclear reactors, and released its year-end financial results that revealed widening losses.
Oklo reported a loss of $73.62 million in 2024, more than double the $32.17 million it lost in 2023. These results come as the company continues its quest to develop its first "powerhouse" reactor at Idaho National Laboratory. The growing losses concerned investors about the company's ability to eventually turn a profit.
