<div id="readability-page-1" class="page"><p><img width="1536" height="1024" src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-26-2026-08_30_15-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/ChatGPT-Image-May-26-2026-08_30_15-PM.png"/></p><p>OKLO is pushing higher today on a major regulatory and strategic milestone – the US Department of Energy (DOE) has selected it for advanced negotiations under the Surplus Plutonium Utilization Program.</p><p>This federal initiative is designed to convert, designate, Cold War-era surplus “weapons-grade” plutonium into commercial fuel for advanced nuclear reactors.</p><p>OKLO stock climbed back above $70 this morning as the market reacted dynamically to the following key layers of this announcement. </p><h2>OKLO stock soars on government validation</h2><p>For a pre-revenue advanced nuclear firm, securing a visible, viable runway for specialized fuel is a massive hurdle.</p><p>OKLO shares ripped higher on Tuesday primarily because this selection validates the company’s fast-fission tech, which is uniquely capable of recycling used nuclear material.</p><p>The company plans to utilize this surplus plutonium as a “bridge fuel” for its upcoming commercial reactors, turning a long-term government storage liability into commercial energy infrastructure.</p><h2>A European partnership drives OKLO shares higher</h2><p>In its press release, Oklo confirmed it’s leading this plutonium utilization effort alongside Newcleo, a prominent European advanced nuclear reactor developer.</p><p>This deepens a broader framework established between the two firms, which includes a potential investment of up to $2 billion via a newcleo-affiliated vehicle to develop advanced fuel fabrication infrastructure in the US.</p><p>Plus, the partnership adds substantial financial weight and technical execution support to OKLO’s commercialization roadmap.</p><h2>Elevated short interest is amplifying the move</h2><p>The sharp upward move in early trading was likely accelerated by technical factors as well.  </p><p>Entering late May, OKLO stock carried an elevated short interest of roughly 19% of its public float (about 28.7 million shares short).</p><p>When the positive DOE news broke pre-market, it forced a wave of short covering, fueling a rapid spike as trading opened.</p><h2>What else is driving Oklo Inc higher today?</h2><p>The DOE news arrives directly on the heels of a broader shift in Wall Street sentiment.</p><p>Last week, the Bank of America reinstated coverage on OKLO shares with a “buy” rating, tapping it as an early leader in the small modular reactor (SMR) space.</p><p>This regulatory progress helps justify that bullish analyst pivot and builds confidence ahead of the DOE's upcoming July 4 milestone targets for pilot nuclear reactor milestones.</p><h2>How to play OKLO at current levels?</h2><p>Note that BofA isn’t the only Wall Street firm that’s keeping constructive on OKLO stock at current levels.</p><p>Consensus rating on the nuclear-tech firm also sits at “moderate buy” with the mean price objective of about $130, indicating potential upside of another 85% from here.</p><p>Finally, technicals also signal continued momentum ahead. </p><p>Oklo Inc has ripped through its major moving averages (MAs), with an RSI in the mid-50s indicating significant further upside room before the stock hits “overbought” territory.</p><p>The post DOE announcement sends OKLO stock up 10% appeared first on Invezz</p></div>

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<p>OKLO stock surged 10% following the US Department of Energy's selection for advanced negotiations under the Surplus Plutonium Utilization Program. This initiative aims to convert surplus plutonium into commercial fuel for advanced reactors. The partnership with Newcleo enhances OKLO's commercialization efforts, while elevated short interest contributed to the stock's rapid rise. Analysts, including Bank of America, have reinstated a 'buy' rating, projecting significant upside potential.</p>

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DOE announcement sends OKLO stock up 10%