Oklo gains after Seaport upgrades to 'buy'

ReutersJun 9, 2025 12:36 PM

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Shares of Sam Altman-backed nuclear startup Oklo OKLO.N rise 3.8% to $52.20 premarket

Seaport Research Partners upgrades stock to "buy" from "neutral" with PT of $71

PT represents premium of 41.2% to stock's last close

OKLO has ability to self-source its nuclear fuel given sufficient capital, regulatory approval and access to Spent Nuclear Fuel, brokerage says

Seaport adds that after period of intensive capital investment in reactors and fuel, OKLO will generate enough discretionary cash flow by 2032 to increasingly self-fund its enterprise growth

8 of 10 brokerages rate stock "buy" or higher and two rate it "hold"; their median PT is $55 - LSEG data

As of last close, stock has gained nearly 137% YTD

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