Why Shares of Oklo Are Ripping Higher Today
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Shares of Oklo, a small modular reactor developer, surged 7.4% following two positive developments: a new strategic partnership with Swedish firm Blykalla AB and an overweight rating from Barclays with a $146 price target. The partnership aims to enhance SMR technology and supply chain coordination, with Oklo investing $5 million in Blykalla's next round. Barclays highlights Oklo's potential in the SMR industry, citing a 14-gigawatt backlog of agreements. However, investors are cautioned about risks due to the lack of U.S. Nuclear Regulatory Commission design approval.
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