OKLO
Oklo Inc.

Oklo Inc.OKLO

Utilities · Utilities - Independent Power Producers
23.55USD
+22.66%
Nov 08, 2026
OKLO overview ready
Developer and operator of advanced fast-fission microreactors for large power users
Oklo is a developer and prospective build-own-operate provider of advanced fast-fission power plants, with supplementary fuel-fabrication, recycling, and isotope businesses.
Primary theme is lagging
Nuclear / Uranium is lagging (-13.7pp vs SPY over 21 sessions; 2 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Regulatory approval delays or failures.
Market Nov 6Price action Nov 7Research Sep 18

Conviction Level

PriceAction1.4BusinessPerformance—BusinessQuality—Valuation0.3ThemeMomentum1.0A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−13.7pp
Theme return
−18.6%
Beating SPY
2 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$4.4B
Avg Volume (60D)
10.4M
60 sessions
Gross Margin
+40.4%
Free Cash Flow Yield
-5.5%
Distance from 200DMA
-54.8%
P/E
N/M
EV / Sales
588.3x
Market metrics as of Nov 7, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthNot enough data
$1.9M
$1.9M in Q3 FY2026 · no comparable year-ago quarter
Not enough comparable quarters for a YoY sequence.
Earnings growthLoss widening
-$0.22
Diluted EPS -$0.22 vs -$0.20 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot enough data
—
No year-ago comparison

Business Quality

Not assessed

Not assessed yet — too few fiscal years of filings are on record.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Oklo Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

What changed

  • OKLO rose 22.7% in one session
    OKLO closed +22.7% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Oklo is a developer and prospective build-own-operate provider of advanced fast-fission power plants, with supplementary fuel-fabrication, recycling, and isotope businesses. Oklo is a direct, high-beta exposure to the need for firm power for data centers, industrial load, and remote or security-sensitive facilities.
Opportunity
High opportunity
Development and deployment of small modular and microreactor nuclear plants to provide firm, long-duration electricity where large customers need power that is reliable, clean, and less constrained by grid buildout timelines.
Key risk
Regulatory approval delays or failures.

Economic classification

Loading the economic classification…

Business & Markets

Utilities · Utilities - Independent Power Producers
What they do

Oklo Inc. develops and plans to operate advanced fast-fission microreactors that provide scalable, dispatchable nuclear power primarily in the United States, integrating fuel recycling and fabrication technologies to support its reactors.

How it earns

Project-based revenue from building, owning, and operating nuclear power plants and related fuel services.

Products & services
Aurora Powerhouse microreactors (15-75 MW)
Nuclear fuel recycling technology
Nuclear fuel fabrication technology
Customers & end markets
Large industrial and commercial power consumers in the United States
Independent power producers
Market position

Niche developer and prospective operator of advanced fast-fission microreactors with integrated fuel recycling capabilities.

Demand drivers
Low cyclicality

Demand driven by long-term energy infrastructure needs and regulatory approvals rather than economic cycles.