Oklo Inc. Stock Surges 23% on Trump Nuclear Orders and Analyst Upgrade
Oklo Inc. (NYSE: OKLO) shares jumped 23.04% to close at $48.87 on May 23, fueled by bullish sentiment around U.S. nuclear energy development. The rally followed former President Trump’s executive orders accelerating nuclear sector growth and a price target upgrade from Wedbush.
Analyst Dan Ives raised Oklo’s target to $55 from $45, maintaining an Outperform rating. The firm cited Oklo’s strategic positioning in small modular reactors (SMRs) as a key growth driver. Earnings are anticipated between August 11-15, 2025.
The political tailwinds come as the energy sector increasingly views nuclear power as critical for decarbonization. Oklo’s surge reflects broader institutional interest in next-generation energy infrastructure plays.