Altman-backed Oklo jumps on report of Trump plan to boost nuclear power, PT raise
Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N jump 7.5% to $42.72 premarket
Wedbush raises price target from $45 to $55, a 38.5% upside to the stock's last close
Brokerage says executive order expected to be signed by President Donald Trump on Friday will be a significant tailwind for the nuclear industry with OKLO being one of the main beneficiaries
Reuters reported on Friday that Trump would sign executive orders to streamline the regulatory process for new reactor approvals and enhance fuel supply chains
"While the market remains competitive and currently represents an arms race in terms of the approval process and timelines to get power to the ground, we do believe OKLO is a step ahead of the competition" - brokerage
As of last close, shares are up 87% YTD
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