Wedbush analysts on Thursday named Oklo a “clear leader” in the accelerating nuclear energy space, highlighting its growing role in meeting rising demand for clean power.
Their bullish call came just a day after the nuclear startup secured a contract from the U.S. Department of Defense to build a compact “powerhouse” reactor that will supply energy to an Air Force base in Alaska.
Oklo is “in a great position to capitalize” on soaring demand for nuclear power, particularly to support the energy needs of expanding data centers, the analysts wrote.
Following the contract win, Wedbush raised its price target on Oklo (OKLO) stock to $75 from $55, citing favorable industry dynamics and recent federal policy tailwinds.
They noted the nuclear sector has gained momentum after a wave of executive orders signed last month by President Donald Trump, which they described as giving the industry a “significant tailwind.”
“The AI Revolution is driving significant demand for clean energy to power AI initiatives with necessary computing power expected to grow 10x by 2030,” the analysts said. They emphasized that Oklo is “in a great position to capitalize on this elevated demand and differentiate itself from competition with its attractive build, own, and operate business model.”
Investor interest in nuclear stocks has intensified over the past year amid projections of surging electricity demand from artificial intelligence and cloud computing infrastructure. Oklo’s compact reactor technology has been seen as especially suited to decentralized power needs.
Wedbush analysts also highlighted that Wednesday’s contract could open the door to future Defense Department deals as the U.S. military seeks to quadruple nuclear energy production across its operations. Oklo’s small reactors may offer a scalable solution for powering other military installations.
Following a nearly 30% surge that pushed shares to a record close of $68.03 on Wednesday, Oklo stock remained relatively flat on Thursday. Shares have more than tripled since the beginning of the year.
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