Oklo rises on Q1 results, regulatory updates

Shares of nuclear technology startup Oklo OKLO.N rise 21.3% to $38.84

Company on Tuesday reported smaller-than-expected loss in the first quarter

OKLO posts Q1 loss of 7 cents/shr vs estimated loss of 11 cents/shr - data compiled by LSEG

Company successfully completes borehole drilling for site characterization work at the Idaho National Laboratory site for its first Aurora Powerhouse reactor; moves forward with licensing process for its fuel fabrication facility

"OKLO continues to differentiate itself from competition with its attractive build, own, and operate business model, which in turn provides long-term recurring revenues and a streamlined regulatory pathway," - says brokerage Wedbush

Including session's moves, OKLO up 83% YTD