Why Oklo Stock Stumbled Today
Oklo has two big problems: uranium supply, and (lack of) cash.
Shares of Oklo (NYSE: OKLO), one of several start-up companies aiming to commercialize production of small-scale nuclear reactors, slid 2.2% through 11:30 a.m. ET Wednesday. Curiously, it did so after announcing some news that -- on the surface, at least -- sounded pretty good.
Oklo is teaming up with two other nuclear start-ups, privately held Hexium and privately held-and-Bill-Gates-backed TerraPower, to "leverage advanced laser enrichment technology to build a scalable U.S. nuclear fuel supply for advanced reactors" such as the ones Oklo is designing.
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