Oklo Stock Rises As Trump Backs Nuclear Energy
Oklo Inc (OKLO) shares rose after President Trump expressed strong support for nuclear energy at the Davos meeting, promoting it as a clean alternative to wind and solar. Bank of America upgraded Oklo from Neutral to Buy, raising the price target to $127, citing a significant agreement with Meta Platforms to develop a 1.2 GW nuclear campus in Ohio. The partnership is seen as a major step in advancing nuclear energy deployment, with revenue estimates increasing due to the deal.
fidelity·