**Oklo Stock Surges on New Supply Agreement with Centrus Energy**
On Thursday, next-generation nuclear company Oklo (NYSE: OKLO) saw its shares rise by 4%, outperforming the S&P 500’s 1% gain, driven by a new supply agreement with Centrus Energy Group. The letter of intent, announced before the market opened, will involve Centrus supplying high-assay low-enriched uranium (HALEU) for Oklo’s small modular reactors (SMRs) that are currently being constructed in southern Ohio.
The SMRs will serve as a power source for data centers owned by Meta Platforms, which owns Facebook, Instagram, and WhatsApp. Deliveries of the nuclear fuel are scheduled to commence in 2029 and continue for multiple years, although specific financial details and the duration of the supply agreement have not been disclosed. This collaboration marks a significant step forward for Oklo, aligning the company with a high-profile client.
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