Oklo Stock Surges Amid Nuclear Energy Sector Optimism
Oklo shares jumped 8.7% despite broader market weakness, as investors bet on small modular reactor technology. The rally follows BWX Technologies' strong earnings report, which highlighted accelerating demand for nuclear solutions in clean energy and security markets.
BWXT CEO Rex Geveden's bullish commentary appears to be spilling over to Oklo, though the pre-revenue SMR developer hasn't announced any material updates. The sector momentum comes as governments worldwide increase nuclear energy investments to meet decarbonization targets.