BTIG analyst Gregory Lewis reiterated a Neutral rating on Oklo (NYSE: OKLO).

The analyst comments "OKLO reported 2Q25 results (AMC), generating an operating loss of ~$28M (incl ~$11M of non-cash stock comp). During the quarter, OKLO made strides towards realizing its first Aurora Powerhouse at the Idaho National Lab (INL), signing an MoU with Korea Hydro & Nuclear Power, a subsidiary of utility KEPCO (015760.KR, Not Rated), to collaborate on developing and deploying OKLO reactors. The pair will jointly advance design development including manufacturing and build assessments, equipment planning, and supply chain. In July, OKLO completed the NRC's pre-application readiness assessment for the first phase of the INL plant's operating license, ahead of filing Phase 1 of the application in 4Q25. Last month, OKLO also signed an MSA with the lead constructor for its first reactor at INL, with preconstruction work starting later this quarter ahead of commercial startup expected in late-2027 or early-2028. However, the timeline to startup of OKLO's first plant looks like it could be pulled forward, as management noted the company could qualify under an executive order targeting three operational advanced reactors by July 2026. Bottom line: OKLO is moving through the regulatory and construction framework for its INL plant, ahead of filing for NRC approval later this year."

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Shares of Oklo closed at $71.86 yesterday.