Bank of America Upgrades Oklo Stock
Bank of America analyst Dimple Gosai upgraded Oklo (NYSE: OKLO) to a “buy” on [insert date] following the announcement of a power presale agreement with Meta (NASDAQ: META). The deal involves a commitment to develop a phased 1.2 GW advanced nuclear campus to support Meta’s data centers, which is projected to generate approximately $1.3 billion in annual revenue once operational. Oklo’s stock rose by 2.2% in early trading, with a target price set at $127 per share.
Oklo currently has 14 gigawatts of nuclear projects in its pipeline but will not begin generating revenue until its plants are built, expected by 2030. The company holds $920 million in cash, allowing it to sustain operations until profits materialize, likely by 2034. Investors remain cautious about waiting nearly a decade for returns.
