Why Is Oklo Stock Jumping Today?
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Shares of Oklo (OKLO) rose 6.4% on Tuesday, driven by positive news including a buy rating from Canaccord Genuity and selection for two Department of Energy pilot programs. Canaccord set a price target of $175 for Oklo. The company aims to support advanced reactors with new fuel-fabrication facilities. However, Oklo faces challenges in technology development and financing, which may involve significant debt or shareholder dilution.
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