Oklo Stock Slides After Wider-Than-Expected Q3 Loss
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Oklo shares tumbled in after-hours trading as the nuclear energy startup reported a third-quarter net loss of $0.20 per share, significantly wider than both the $0.08 loss from the prior year and analysts' $0.15 estimate. The pre-revenue company, co-founded by MIT graduates, continues developing compact nuclear reactors targeting AI data centers and other applications.
Despite securing collaborations with the U.S. Department of Energy and Idaho National Laboratory, Oklo's mounting losses triggered a selloff. The decline follows a staggering 390% year-to-date rally prior to the earnings release. Wall Street maintains a Moderate Buy rating, with 13 analysts covering the stock.
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