Oklo falls as Citigroup cuts PT on higher expenditure

Shares of nuclear technology firm Oklo OKLO.N down 9.6% at $27.94

Oklo said on Tuesday it was in actively engaging with Nuclear Regulatory Commission through pre-application readiness assessment for its combined license application

Citigroup cuts PT to $30 from $31

Brokerage says, "While deployment is on-track, larger NT cash requirements and increased likelihood of outside capital before the first reactor commissioning will likely weigh on the

stock"

New PT represents 2.9% downside to stock's last close

5 of 7 brokerages rate stock "buy" or higher, 2 "hold"; their median PT is $44.50

Including session's move, shares up 31.7% YTD