Oklo initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Oklo (OKLO) with a Neutral rating and $117 price target Against the backdrop of a growing nuclear small modular reactor race in the US, Oklo is advancing its sodium-cooled fast fission nuclear reactor, the Aurora Powerhouse, with a target to reach commercialization by late-2027/early-2028, the analyst tells investors in a research note. Uniquely, Oklo is also pursuing an own-and-operate model, which provides more operational control by the company but comes with much greater financial risks and “considerable capital intensity”, Goldman Sachs notes. The firm further contends that it sees a catalyst-rich backdrop supporting the stock’s elevated valuation levels in the near-to-medium term.