Oklo initiated with an Outperform at William Blair

William Blair analyst Jed Dorsheimer initiated coverage of Oklo (OKLO) with an Outperform rating and no price target Oklo is developing a generation IV small modular reactor and employing a build, own, and operate strategy that is a “standout” in the industry, the analyst tells investors in a research note. The firm says Oklo will accelerate regulatory timelines and improve unit economics by capturing the premium on clean baseload electricity through direct power purchasing agreements. Blair believes small modular reactors will be large participants in the “nuclear renaissance” Oklo is best positioned for market adoption, the firm contends.