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Goldman Sachs Advises Caution on Oklo Stock Amid Nuclear Energy Resurgence
Goldman Sachs Advises Caution on Oklo Stock Amid Nuclear Energy Resurgence
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BTCCSquare news:
Oklo shares tumbled for a second consecutive day, shedding 16.5% over two sessions—a modest pullback after the nuclear energy play's staggering 1,347% annual rally. Goldman Sachs analyst Brian Lee attributes the sector's momentum to policy tailwinds and surging data center power demand, dubbing it the 'early stages of a resurgence.'
The company boasts a 14GW project pipeline but remains pre-revenue without finalized power purchase agreements. Lee notes Oklo's 'catalyst-driven' status hinges on securing customer contracts and stable HALEU uranium supply to sustain growth beyond 2035, even as it leads the small modular reactor race.
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