Analyst Cautions Against Overoptimism on OKLO Stock Despite 900% Surge
Oklo (OKLO), a Santa Clara-based nuclear energy startup, has seen its stock skyrocket nearly 900% this year, fueled by regulatory tailwinds and projected AI-driven energy demand. The rally defies fundamentals—the company faces significant capital needs, likely requiring dilutive financing to build its first reactors.
At a ~$24 billion market cap, Oklo trades at a speculative premium that discounts execution risks. While the long-term nuclear narrative holds promise, current valuations appear unsustainable. "Don’t count your chickens yet," warns one analyst, who assigns a Sell rating anticipating eventual corrections.