Barclays initiated coverage of Oklo (OKLO) with an Overweight rating and $146 price target The firm views Oklo as “levered way” to invest in the small modular reactor theme. As a developer, owner and operator of assets, Oklo can cash flows from the facilities that it puts into place from power purchase agreement, the analyst tells investors in a research note. Barclays says Oklo currently has 14 GW of non-binding agreements with various customers. If the company is successful in deployment and commercialization, the stock “could have material upside potential from current levels,” the firm contends.
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