Oklo’s Shares Jump 1000% This Past Year as Demand for Nuclear Energy Surges
Small modular reactors are breaking into the mainstream — and OkloOKLO is leading the charge. The nuclear startup’s stock has surged over 1,118% in the past year, propelled by the Trump administration’s pro-nuclear stance and the rising electricity burden of AI. Now trading at an 18.06x P/E, Oklo has caught Wall Street’s attention.
- The company secured three coveted spots in the Department of Energy’s Reactor Pilot Program, designed to deploy test reactors by July next year.
- Bank of America gave Oklo a $92 target (18% upside), praising its integrated model that removes the “chicken-and-egg barrier” for new nuclear tech.
Power shift: CEO Jacob DeWitte believes “The AI dynamic has completely inverted the entire paradigm about how we thought about energy and the time to deployment.” The company’s vertically integrated approach — building, owning, and operating reactors that run on nuclear waste and need refueling just once per decade — sets it apart from traditional utilities stuck in risk-averse cycles. With connections spanning from OpenAI’s Sam Altman to data center equipment maker VertivVRT, Oklo is set to position itself as a key supplier for the AI and data center boom.