Sam Altman-backed Oklo signs power agreement with data center operator

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Wedbush Starts Oklo (OKLO) at Outperform, 'Momentum into 2025'

December 19, 2024 6:41 AM EST

Wedbush analyst Daniel Ives initiates coverage on Oklo (NYSE: OKLO) with a Outperform rating and a price target of $26.00.

The analyst comments "We are initiating on OKLO with an OUTPERFORM rating and a $26 price target. Oklo is an SMR manufacturer founded in 2013 based in Santa Clara, California with the goal to bring small modular reactors (SMRs) directly to its customers on a unique business model. Backed by Sam Altman, Oklo is aiming to develop its first SMR by 2027. Aurora, the 15 MW passive compact... More