Oklo Surges 20% on Siemens Energy Nuclear Deal as Speculative Frenzy Continues
Oklo Inc.'s stock soared after signing a binding contract with Siemens Energy to accelerate development of its Aurora modular nuclear reactor. The partnership focuses on engineering and design work for the power conversion system at Idaho National Laboratory, targeting deployment by 2027-2028.
Despite the 385% year-to-date rally, Oklo remains a high-risk bet with no commercial operations. The recent 30% October pullback after Ark ETF reduced its position underscores the volatility inherent in pre-revenue energy ventures.
"This collaboration leverages proven turbine technology to compress timelines," said Alex Renner, Oklo's product chief. The deal represents a rare convergence of legacy energy engineering and next-generation nuclear ambitions.
