BTIG analyst Gregory Lewis has maintained their neutral stance on OKLO stock, giving a Hold rating today.
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Gregory Lewis has given his Hold rating due to a combination of factors influencing Oklo Inc’s current and future prospects. The company is making significant strides in advancing its nuclear reactor project at the Idaho National Lab, supported by the Department of Energy’s Reactor Pilot Program. This program aims to expedite research and development, potentially accelerating the timeline for achieving a self-sustaining chain reaction by 2026. However, while Oklo is progressing with DOE approval, it still requires NRC licensing to sell power commercially, indicating regulatory challenges ahead.
Additionally, Oklo’s involvement in the DOE’s Advanced Nuclear Fuel Line Pilot Projects shows promise in fast-tracking fuel production, yet the company must independently fund the construction and operation of its facilities. Financially, Oklo maintains a strong cash position, but significant reactor capacity deployment is not anticipated until the early 2030s. These factors, combined with the company’s current valuation based on ROE and EV/Sales, contribute to the Hold rating, reflecting a balanced view of potential opportunities and risks.
Lewis covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Borr Drilling. According to TipRanks, Lewis has an average return of 18.9% and a 52.33% success rate on recommended stocks.
In another report released today, Bank of America Securities also maintained a Hold rating on the stock with a $111.00 price target.