Citi keeps a Neutral rating on Oklo (OKLO) with a $30 price target following the Q1 report. The company has “made progress on all fronts,” but there were no large customer wins, which may weigh on the stock given the recent outperformance, the analyst tells investors in a research note. The firm believes headway is being made for the company to license a commercial fuel fabrication site. It notes that the company’s first reactor deployment timeframe remains late 2027 or early 2028.
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