Oklo Gains 2.7% Premarket After BofA Sets $80 Target and 150% Retail Surge
OKLO•Bank of America reinstated coverage of Oklo with a Buy rating and $80 price target, implying over 21% upside. The small modular reactor company reported a 150% surge in Stocktwits message volume and has secured a 1.2 GWe binding power agreement with Meta alongside a 14 GWe project pipeline.
1. Coverage Reinstatement and Upside Potential
Bank of America has reinstated coverage of Oklo with a Buy rating and established an $80 price target, reflecting more than 21% potential upside from recent closing levels.
2. Surge in Retail Engagement
Retail investor engagement in Oklo intensified, evidenced by a 150% increase in Stocktwits message volumes over the past 24 hours, signaling heightened market attention to the company’s nuclear energy prospects.
3. Major Power Agreements and Pipeline
Oklo secured a binding power purchase agreement for approximately 1.2 GWe with Meta Platforms and holds non-binding customer letters for over 14 GWe of small modular reactor projects, underscoring early commercial validation.
4. Strong Financials and Reactor Progress
The company maintains a strong balance sheet with substantial cash reserves and no debt, and has commenced construction of its first Powerhouse reactor in Idaho as it advances its vertically integrated build-own-operate model.
