Why Oklo Stock Is Soaring Today
Shares of Oklo (NYSE: OKLO) are soaring today, up 5.7% as of 1:33 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite both moved higher.While there isn't a specific catalyst today, the company's stock is continuing to rise after an important announcement last week and broader momentum in the nuclear industry.The company, which develops advanced small nuclear reactors (SMRs), announced last week that it has been "conditionally" selected to provide power to an Air Force base in Alaska. The contract, which still needs to be finalized, has been in the works for years. Past attempts to close a deal had been delayed, but it now appears the necessary hurdles have been cleared.Continue reading
Shares of Oklo (NYSE: OKLO) are soaring today, up 5.7% as of 1:33 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite both moved higher.
While there isn't a specific catalyst today, the company's stock is continuing to rise after an important announcement last week and broader momentum in the nuclear industry.
The company, which develops advanced small nuclear reactors (SMRs), announced last week that it has been "conditionally" selected to provide power to an Air Force base in Alaska. The contract, which still needs to be finalized, has been in the works for years. Past attempts to close a deal had been delayed, but it now appears the necessary hurdles have been cleared.
