Oklo rises; BofA says Meta deal signals 'meaningful step forward'

Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N rise 3.5% to $93.06

BofA Securities upgrades stock rating to "buy" from "neutral", following company's agreement with Meta to develop a phased ~1.2 GW advanced nuclear campus

Meta META.O has already pre paid $25 million to Oklo for phase 1 - brokerage

This moves Oklo from a "conceptual" company to one with an "actively financed" development pipeline - brokerage

BofA also raises PT on stock to $127 from $111

Separately, U.S. President Donald Trump at Davos says, "We are very much into the world of nuclear energy"

13 of 19 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT is $124.50 - data compiled by LSEG

OKLO shares more than tripled in 2025