Oklo Inc (NASDAQ: OKLO) rallied more than 20% on Friday following reports that the US President, Donald Trump, will soon sign an executive order that will accelerate the construction of nuclear reactors.
Moreover, the Trump administration is fully committed to securing key materials for the nuclear industry as well, the reports added.
Following today’s surge, Oklo stock is up nearly 150% versus its year-to-date low in early April.
Details of the expected executive order
According to sources that spoke with Reuters on condition of anonymity today, President Trump could sign the aforementioned executive order as early as Friday.
The US currently depends on the likes of China and Russia for nuclear fuel processing, enriched uranium, and key materials used in advanced reactors.
But the White House, later today, will invoke the Defense Production Act to declare it a national emergency and order accelerated construction of nuclear reactors in the US, the sources added.
Additionally, the President will order federal agencies to fast-track permits for nuclear facilities.
That said, Oklo shares are still down more than 10% versus their year-to-date high.
Why does it matter for Oklo stock?
Today’s reports are majorly positive for OKLO stock as an executive order from President Trump could accelerate the company’s projects, reduce its operational costs, and unlock federal funding for advanced nuclear technologies.
Oklo specializes in small modular reactors (SMRs), which are gaining traction as a stable energy source for AI data centers and industrial applications.
If the executive order streamlines regulatory approvals and promotes nuclear energy adoption, Oklo could secure new partnerships and revenue streams.
The news arrives only days after Oklo reported encouraging results for its fiscal Q1.
The nuclear technology company lost just 7 cents on a per-share basis in its first quarter, down significantly from $4.79 a share of loss in the same quarter last year.
Oklo shares do not currently pay a dividend, though.
Wedbush raises price target on Oklo shares
Following the Reuters report this morning, Wedbush analyst Dan Ives reiterated his “outperform” rating on Oklo stock and raised his price target to $55.
His upwardly revised price objective suggests OKLO is on track to recovering fully to its all-time high, which translates to potential for a more than 10% gain from here.
In his research note, Ives told clients that his revised estimates reflect the company’s leadership position in the advanced nuclear reactors market.
In particular, the analyst touted Oklo’s unique business model where its sells nuclear energy directly to customers via long-term contracts.
Other Wall Street analysts agree with Dan Ives’ positive view on the power stock as well, given the consensus rating on the NYSE listed firm currently sits at “overweight” with price targets going as high as $58.
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