Shares of Oklo (NYSE: OKLO) surged 16% to $2.63 by 12:17 p.m. ET on Wednesday, following the release of its first-quarter 2025 earnings report, which showed a loss of $0.07 per share. This performance marks a significant improvement from a loss of $4.79 per share in the same quarter last year and beats analysts’ expectations of a $0.10 loss. Earlier in the day, Oklo’s stock rose as much as 22.9% amid a broader market increase, with the S&P 500 and Nasdaq gaining 0.1% and 0.6%, respectively.
The company is on track to launch its first commercial small modular reactor (SMR) by late 2027 or early 2028. CEO Jacob DeWitte expressed confidence in Oklo’s ongoing momentum in the nuclear industry, which he noted is a strategic priority for the current administration.
