Why Oklo Stock Crashed Today: The Brutal Truth Behind the Sell-Off

Another day, another tech stock getting slaughtered. Oklo investors woke up to a bloodbath—here's why the market just lost faith.

The Cold Fusion of Disappointment

Analysts cite delayed regulatory approvals for Oklo's microreactor projects—turns out 'disrupting nuclear energy' involves actual paperwork. Who knew?

Short Sellers Smell Blood

Hedge funds piled on after Oklo missed its Q2 deployment targets. The 'too cheap to meter' narrative just got expensive for bagholders.

Institutional Exodus

Three major ESG funds quietly trimmed positions last week. Nothing says 'sustainable investment' like panic-selling at a 52-week low.

Bottom line: The market tolerates vaporware until it doesn't. Meanwhile, Wall Street bankers are already pitching the next 'revolutionary' SPAC—this time with blockchain! (Because that always works.)

Image source: Getty Images.

Fluor gets ready to cash in

Nuclear engineering powerhouse Fluor announced this morning that, in order to cut down on "volatility" in its earnings results, which have skyrocketed on required "pre-tax mark-to-market gains" in the value of the stock it owns in(SMR -13.16%), Fluor will convert 15 million of its Class B NuScale shares into Class A shares... that it can then sell.

The less NuScale Fluor owns, the less volatile its earnings numbers will look. And the more NuScale stock Fluor then sells, the more NuScale profits it can lock in and convert to cash.

Is it time to sell Oklo stock?

So why is this bad news for Oklo, which isn't involved in Fluor's transactions? Simply for this reason: Oklo investors are watching Fluor take the first steps toward selling off a lot of its stake in NuScale, and they're probably wondering if Fluor has decided to "take profits" on its NuScale investment -- and whether they should do similarly.

That's a fair question to ask.

NuScale stock, after all, has gained an astounding 485% over the past year. But the 835% gain of Oklo stock over the past year makes NuScale's gains look almost modest. Neither company earns any profit to justify its high stock price, moreover, nor is either NuScale nor Oklo expected to become profitable for years.

Given all this, selling some NuScale stock now seems a prudent decision for Fluor... and selling some Oklo stock right now might be a good idea for you, too.