William Blair on Oklo (OKLO): 'We view Oklo as the best positioned in the group of advanced reactor companies'

William Blair analyst Jed Dorsheimer reiterated an Outperform rating and {REMOVEPT} price target on Oklo (NYSE: OKLO).

The analyst comments "Action Call. Oklo’s stock has enjoyed a significant run as momentum around nuclear energy continues to strengthen. Today’s ground breaking demonstrates another step in converting sentiment into action, and the clear support from the administration and DOE will de-risk execution and timelines. We view Oklo as the best positioned in the group of advanced reactor companies and maintain our Outperform rating. DOE Pathway De-risks Execution and Timeline. Oklo’s first reactor at Idaho National Lab (INL) is now being developed through the DOE’s new Reactor Pilot Program versus the NRC’s combined license application (COLA). We do not expect the DOE pathway to pull in timelines, but rather de-risk the execution and target completion date of late 2027/early 2028. A key distinction under the DOE oversight is faster fueling of the reactor, a step that requires significant regulatory approvals under the NRC. After completion, Oklo expects cooperation between the DOE and NRC to fast-track approvals for the COLA, making it approved by both agencies and streamlining NRC approvals for future reactors. Follows Oklo’s Nuclear Recycling Facility. Today’s ground-breaking ceremony for its first Aurora Powerhouse reactor follows recently unveiled plans to develop the first privately funded nuclear fuel recycling facility in the U.S. The facility will be located at the Oak Ridge Heritage Center in Tennessee and will be built in multiple phases. The initial phase centers on constructing a new “Advanced Fuel Center.” Backed by an investment of up to $1.68 billion, this facility will convert used nuclear fuel into metal fuel for Oklo’s Aurora fast reactors. Currently, the U.S. stores over 94,000 metric tons of spent nuclear fuel, material that, if recycled, could yield energy equivalent to 1.3 trillion barrels of oil, nearly five times Saudi Arabia’s reserves. Oklo’s recycling project has the potential to lower energy costs, reduce nuclear waste, and reinforce the domestic fuel supply chain. Strong Support From Admin and Tech. Oklo’s network is top brass; Sam Altman of OpenAI brought Oklo public via SPAC and served as chairman of the board, Secretary of Energy Chris Wright was also a former board member, and founder and CEO Jacob DeWitte was present in the Oval Office for President Trump’s executive orders on nuclear energy. Present at today’s ceremony were Secretary of the Interior Doug Burgum, Administrator of the EPA Lee Zeldin, NRC Commissioner Bradley Crowell, and the DOE’s Office of Nuclear Energy Principal Deputy Assistant Secretary Michael Goff, among many other senators, House representatives, and INL representatives."

For an analyst ratings summary and ratings history on Oklo click here. For more ratings news on Oklo click here.

Shares of Oklo closed at $135.23 yesterday.

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