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Oklo Inc
(NYSE:OKLO)
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Rating:50Neutral
Price Target:
$40.00
▼(-7.69% Downside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weak current financial performance (large losses and cash burn with minimal revenue) and bearish technical trend signals. Offsetting these are a very strong capital position and a generally constructive earnings-call outlook with tangible execution milestones, but higher 2026 cash-use guidance and long timelines to material commercial revenue keep overall risk elevated.
Positive Factors
Strong balance sheet and liquidity
Extremely low leverage and substantial liquidity give Oklo financial flexibility to fund reactor development, procurement and construction while reducing dependence on near-term operating revenue.
Negative Factors
Pre-commercial losses and minimal revenue
The large gap between current revenue and operating costs shows that Oklo remains pre-commercial, leaving future results highly dependent on successful licensing, construction and customer deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and liquidity
Extremely low leverage and substantial liquidity give Oklo financial flexibility to fund reactor development, procurement and construction while reducing dependence on near-term operating revenue.
Read all positive factors
Oklo Inc (OKLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.55B
Dividend YieldN/A
Average Volume (3M)9.69M
Price to Earnings (P/E)―
Beta (1Y)3.01
Revenue GrowthN/A
EPS Growth-132.91%
CountryUS
Employees215
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)-0.95
Shares Outstanding186,017,650
10 Day Avg. Volume9,539,868
30 Day Avg. Volume9,691,828
Financial Highlights & Ratios
PEG Ratio-2.78
Price to Book (P/B)7.11
Price to Sales (P/S)0.00
P/FCF Ratio-91.02
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.02
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$74.75Price Target Upside72.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)-0.93
Revenue Forecast (FY)$3.07M
Oklo Inc Business Overview & Revenue Model
Company Description
Oklo Inc. develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. The company’s primary offering is the Aurora powerhouse, which is designed to produce between 15 and up ...
How the Company Makes Money
Oklo’s intended revenue model is centered on selling energy services rather than selling reactors outright. The company has described a plan to deploy its nuclear “powerhouses” and earn recurring revenue by delivering electricity (and potentially ...
Oklo Inc Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call emphasized major technical and execution milestones (notably Groves reaching first criticality rapidly), strengthened liquidity ($3.0B) and advancing strategic partnerships, fuel pathways and manufacturing capabilities — all substantive positives that materially de‑risk future deployments. Offsetting these are elevated near‑term cash use, higher CapEx/OpEx guidance, multi‑year timelines to commercial power revenue and some DOE allocation and interconnection timing uncertainties. On balance, the positive execution and balance‑sheet strength outweigh the near‑term financial and timing challenges, supporting a constructive but capital‑intensive growth profile.Positive Updates
Groves Reactor First Criticality and Rapid Execution
Groves reached first criticality after 229 days of major construction and less than one year from groundbreaking — described as the fastest transition from greenfield to criticality for a full-scale privately funded and sited reactor. Achievement validated reactor design, in-house construction, commissioning and operating capabilities and created repeatable execution infrastructure.
Negative Updates
YTD Net Loss and Operating Loss
Year‑to‑date net loss through Q2 2026 was $81.6 million, including loss from operations of $124.2 million (partially offset by $44.5 million of net interest and dividend income).
Read all updates
Q2-2026 Updates
Positive
Negative
Groves Reactor First Criticality and Rapid Execution
Groves reached first criticality after 229 days of major construction and less than one year from groundbreaking — described as the fastest transition from greenfield to criticality for a full-scale privately funded and sited reactor. Achievement validated reactor design, in-house construction, commissioning and operating capabilities and created repeatable execution infrastructure.
Read all positive updates
Company Guidance
Oklo updated its 2026 cash‑flow guidance and accompanying metrics: cash used in operating activities is now expected to be $120–$150 million (up from $80–$100 million) and cash used for purchases of property, plant and equipment is now expected to be $400–$500 million (up from $350–$450 million), with spending expected to be weighted to the second half of the year to support accelerated procurement, construction and interconnection milestones; the increases reflect first‑of‑a‑kind project costs (including Aurora INL), grid interconnection work and opportunistic fuel purchases but not material higher corporate burn. At June 30 Oklo held ~$3.0 billion of liquidity (cash and cash equivalents $1.6 billion; marketable securities $1.4 billion), which includes ~$1.9 billion raised via ATM programs in 2026. Year‑to‑date through Q2 the company reported a net loss of $81.6 million (loss from operations $124.2 million, offset by $44.5 million of net interest/dividend income), year‑to‑date cash used in operating activities of $65.5 million (including $29.9 million of noncash stock‑based compensation and $13.8 million of working capital changes), year‑to‑date investing cash used of $912.7 million (including $743.6 million for purchases of marketable securities) and capital spend of $126.9 million; key program timing calls out Aurora INL start‑up in 2028, Aurora Fuel Fabrication Facility equipment installation/start‑up in 2027, and expected Centrus HALEU deliveries beginning in 2029.Oklo Inc Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
86
Very Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 326.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -152.54M | -109.67M | -72.67M | -32.10M | -9.99M | -5.15M |
| Net Income | -152.77M | -105.66M | -73.62M | -32.17M | -10.02M | -5.16M |
Balance Sheet | ||||||
| Total Assets | 3.36B | 1.53B | 281.74M | 14.88M | 10.99M | 11.04M |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.23B | 227.81M | 9.87M | 9.65M | 10.44M |
| Total Debt | 4.15M | 1.45M | 1.28M | 250.00K | 304.18K | 494.32K |
| Total Liabilities | 84.33M | 52.25M | 30.88M | 49.25M | 39.10M | 4.74M |
| Stockholders Equity | 3.27B | 1.48B | 250.86M | -34.36M | -28.11M | 6.30M |
Cash Flow | ||||||
| Free Cash Flow | -275.82M | -115.38M | -38.74M | -16.08M | -10.14M | -1.94M |
| Operating Cash Flow | -116.92M | -82.17M | -38.39M | -16.00M | -9.99M | -1.88M |
| Investing Cash Flow | -1.12B | -489.68M | -175.77M | -83.00K | -149.56K | -500.00M |
| Financing Cash Flow | 2.67B | 1.26B | 301.43M | 16.30M | 9.35M | 505.22M |
Oklo Inc Technical Analysis
Negative
43.33
Price Trends
44.91
Negative
55.08
Negative
65.72
Negative
Market Momentum
-1.40
Positive
41.36
Neutral
11.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OKLO, the sentiment is Negative. The current price of 43.33 is above the 20-day moving average (MA) of 43.02, below the 50-day MA of 44.91, and below the 200-day MA of 65.72, indicating a bearish trend. The MACD of -1.40 indicates Positive momentum. The RSI at 41.36 is Neutral, neither overbought nor oversold. The STOCH value of 11.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OKLO.
Oklo Inc Risk Analysis
Oklo Inc disclosed 70 risk factors in its most recent earnings report. Oklo Inc reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oklo Inc Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $9.43B | 20.08 | 9.56% | 3.45% | 0.63% | -6.14% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | $7.88B | 22.07 | 9.36% | 2.36% | -1.11% | 8.18% | |
60 Neutral | $11.83B | 18.36 | 9.04% | 3.44% | 5.69% | 6.83% | |
58 Neutral | $17.63B | 21.43 | 11.04% | 2.78% | 6.83% | -2.08% | |
51 Neutral | $5.94B | 32.07 | 5.67% | 2.84% | 9.97% | -7.29% | |
50 Neutral | $7.55B | -40.56 | -7.11% | ― | ― | -132.91% |
* Utilities Sector Average
OKLO
Oklo Inc
39.52
-32.71
-45.29%
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PNW
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TXNM
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5.43%
Oklo Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Oklo strengthens executive leadership team for nuclear growth
Positive
Jul 28, 2026
On July 22, 2026, Oklo Inc.’s board appointed five existing leaders as executive officers, effective July 27, 2026, consolidating a management team with deep nuclear, legal, engineering and financial expertise. The moves formalize the roles ...
Executive/Board ChangesShareholder Meetings
Oklo Shareholders Approve Directors and Auditor at 2026 Meeting
Positive
Jun 8, 2026
On June 3, 2026, Oklo Inc. held its 2026 annual meeting of stockholders, where shareholders elected Class II directors Caroline DeWitte, Richard W. Kinzley and Dr. Mark Peters to serve until the 2029 annual meeting and until their successors are e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.