Since the announcement of Microsoft (MSFT) working with Constellation Energy (CEG) to restart a reactor at the Three Mile Island plant, publicly traded companies in the nuclear sector have seen significant stock price changes.
Oklo stock has slumped this year as concerns about the small modular reactor (SMR) industry continues. It has fallen to $41.36, down by nearly 80% from its highest point last year, with its market capitalization falling from over $24 billion to $7.6 billion.
Renewed interest in atomic energy and AI mania are colliding at the Idaho National Lab—where Oklo and rivals hope to revive the long-stagnant industry.
The Department of Energy (DOE) has narrowed the competition for its proposed Nuclear Lifecycle Innovation Campuses (NLICs) to five states: Utah, Tennessee, Oklahoma, Louisiana, and Idaho. The selection advances an effort that could create new investment and contracting opportunities across nearly every part of the nuclear value chain.
Oklo shares traded higher on Friday after the advanced nuclear technology company reported its first-ever quarterly revenue, significantly exceeding Wall Street expectations, even as it posted a wider-than-expected loss. The stock gained about 13.3% in trading and was on track for its biggest weekly advance in nearly four months.
Oklo (NYSE:OKLO) shares opened about 7% higher on Friday after the advanced nuclear technology company reported second quarter results that included a wider-than-expected loss but revenue that came in well above analyst estimates. The company reported a loss per share of $0.28, compared with the analyst consensus estimate of a $0.16 loss.
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $OKLO #advancedfission--Oklo Inc. (NYSE: OKLO) (“Oklo” or “the Company”), an advanced nuclear technology company, today published its financial results and business update for the second quarter ended June 30, 2026. Oklo will host a conference call today, August 7, 2026, at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). Jacob DeWitte, co-founder and Ch...