Oklo initiated with a Neutral at Citi

Citi analyst Vikram Bagri initiated coverage of Oklo with a Neutral rating and $11 price target. Oklo is a “new age” energy company that plans to revolutionize the approval, construction, and operation of fission reactors to produce abundant and affordable energy globally, the analyst tells investors in a research note. The firm says that while the company has sourced fuel for its first facility and has sufficient liquidity to deploy the plant in 2026/2027 without outside capital, regulatory, technological, execution, and fuel related challenges remain. Citi awaits progress on the regulatory process to be more constructive on the shares.