Oklo Provides Update on Recent Form S-1 Filing
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Citi on Oklo (OKLO): 'Developments to watch for Oklo are progress on pre-application readiness and extent of conversations'
June 21, 2024 9:30 AM EDTCiti analyst Vikram Bagri reiterated a Neutral rating and $11.00 price target on Oklo (NYSE: OKLO).
The analyst comments "We highlight conversations on our Oklo initiation plus takeaways from our meeting with TerraPower. Investors are positive on the SMR opportunity set, especially given datacenter demand. Aurora powerhouse unit economics were viewed favorably with fast CF ramp and additive NPV/sh of each reactor add. Bear case hinges on 1) capex realizing higher, 2) NRC process and 3) fuel availability. Risk mitigants include inherent design of the powerhouse, supply of initial fuel from Idaho National Lab,... More
Citi Reiterates Neutral Rating on Oklo (OKLO)
June 21, 2024 5:45 AM EDTCiti analyst Vikram Bagri reiterated a Neutral rating and $11.00 price target on Oklo (NYSE: OKLO).
The analyst comments "We highlight conversations on our Oklo initiation plus takeaways from our meeting with TerraPower. Investors are positive on the SMR opportunity set, especially given datacenter... More
