Why Is Oklo Stock Still Going Down?
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Shares of Oklo (OKLO) have fallen over 6% despite receiving three Department of Energy contracts for small modular reactors, as competition from eight other companies diminishes their exclusivity. The stock initially rose on the news but ended lower, influenced by a report indicating rising inflation, which may hinder potential interest rate cuts by the Federal Reserve. Although Oklo is currently burning cash and may need to consider debt in the future, it has sufficient funds and low debt levels, suggesting no immediate need to sell the stock based on interest rate concerns.
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