Oklo Stock Surges 8% as Space Nuclear Deal Ignites Investor Interest

TLDR

• Oklo jumped 8.2% to ~$63.38, hitting an intraday high of $66.62 on heavy volume
• The U.S. signed the National Initiative for American Space Nuclear Power (NSTM-3), boosting sentiment
• Oklo expanded its partnership with Blykalla to accelerate fast-reactor commercialization
• Investors revisited Oklo’s Meta-backed Ohio power campus tied to AI data center demand
• Insiders sold ~818,766 shares worth ~$50M in the last three months, a continuing concern

Oklo’s stock jumped 8.2% on Wednesday, trading as high as $66.62 before settling around $63.38. Volume hit 21.6 million, roughly 109% above the average session. The previous close was $58.58.

Oklo Inc., OKLO

The move came on the back of several positive catalysts hitting at once.

The biggest policy driver was the U.S. signing of the National Initiative for American Space Nuclear Power, known as NSTM-3. The NASA–Pentagon program expands potential government and commercial demand for nuclear power, and Oklo is seen as a direct beneficiary.

On the commercial side, Oklo and Swedish company Blykalla expanded their partnership to speed up fast-reactor commercialization. The deal strengthens Oklo’s path to deployable products and future revenue.

Investors also circled back to Oklo’s Ohio power campus plan, which is tied to a 1.2 GW agreement with Meta to power AI data centers. That narrative, linking nuclear energy to AI infrastructure demand, has been a recurring theme driving interest in the stock.

Board Overhaul Adds Experience

Oklo also added four new directors with backgrounds in nuclear power, energy, and infrastructure. The company named a Lead Independent Director and shifted its CTO to an advisory role.

Analysts called the changes a governance improvement ahead of commercial scaling. Near-term scrutiny on execution and valuation remains, though.

Options traders took notice. Roughly 77,902 call contracts changed hands, about 22% above typical call volume. That kind of derivatives activity can amplify upward price moves in the short term.

Insider Selling Remains a Concern

Not everything is pointing up. Insider selling has been heavy. CEO Jacob DeWitte sold 140,000 shares at $75.18 in February, reducing his stake by nearly 16%. CFO Richard Bealmear sold 72,090 shares at $60.00 in March.

In total, insiders have sold around 818,766 shares worth approximately $50.8 million over the last three months.

Management says the sales are pre-planned, but the timing has drawn attention from investors watching the stock closely.

On the earnings front, Oklo reported a loss of $0.27 per share for the most recent quarter, missing the consensus estimate of -$0.17. Analysts project a full-year EPS of -$0.82 for the current fiscal year.

The 50-day moving average sits at $59.38. The 200-day moving average is $88.08, well above current prices.

Analyst ratings are mixed. Cantor Fitzgerald holds an overweight rating with a $122 target. Goldman Sachs carries a neutral rating with a $65 target, cut from $91. B. Riley lowered its target from $129 to $92 but kept a buy rating. The consensus sits at “Moderate Buy” with a $84.30 target.

Institutional ownership stands at 85%, with Vanguard holding the largest position at 11.6 million shares.

The stock is down 11.72% year-to-date despite Wednesday’s rally.

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