Nuclear power startup Oklo gave details on its long-term strategy late Monday, crediting Trump White House support for nuclear energy as a tailwind for the company, even as it saw another quarterly loss with revenue still far away.
Oklo reported after the stock market closed Monday a loss of $28 million in Q2, or 18 cents per share, with no sales. The company ended the second quarter with cash and equivalents of $226.8 million and marketable securities of $456.2 million.
Oklo is focused on the developing technology known as small modular reactors, or SMRs. The startup, which was previously backed by OpenAI CEO Sam Altman, aims to bring its first commercial SMR online in late 2027 or early 2028.
No commercially operating SMRs now exist, but a number of companies are developing the technology. SMRs aim to provide power at the site level, drastically reducing the time and cost of permitting, constructing and operating larger grid-based nuclear facilities.
"Oklo's quarter is summarized by administrative momentum and strategic partnerships," William Blair analyst Jed Dorsheimer wrote early Tuesday.
Dorsheimer added that President Donald Trump's efforts to streamline Nuclear Regulatory Commission, NRC, approvals for nuclear power plants gives "us more confidence that the aggressive late-2027 timeline for the first powerhouse is achievable."
"For investors looking for exposure to the pure-play nuclear sector, we view Oklo as best positioned in the small modular reactor (SMR) cohort," the analyst said.
Nuke Earnings And Trump's Support
Last week, BWX Technologies, the U.S. Navy's main nuclear reactor supplier, soared higher after reporting much better-than-expected second-quarter earnings and revenue.
Meanwhile, S&P 500 nuclear plays Constellation Energy and Vistra announced second-quarter earnings and revenue on Aug. 7.
The second-quarter earnings reports from assorted nuclear-related plays land as the Trump White House continues to throw support behind nuclear energy.
Last week, Politico reported that Transportation Secretary Sean Duffy, also the interim NASA head, plans to build a nuclear reactor on the moon.
According to documents reviewed by Politico, the Trump White House ordered the agency to solicit industry proposals for a 100 kilowatt nuclear reactor to launch by 2030. NASA previously funded research into a 40 kilowatt reactor for use on the moon, with plans to have a reactor ready for launch by the early 2030s, Politico reported.
Meanwhile, Trump in late May also signed four executive orders to support the nuclear energy sector and put in place a "total and complete reform" of the NRC.
Trump's 'Consequential' Shift In Energy Policy Fuels Upgrades For These Stocks
Wedbush Securities analyst Dan Ives on Tuesday wrote that "Oklo continues to stand out within the rapidly developing nuclear industry from competition with its attractive build, own, and operate business model which in turn will provide long-term recurring revenues and a more streamlined regulatory."
Ives early Tuesday raised his Oklo price target to 80, up from 75, and maintained an outperform rating.
Nuclear Stocks Making Moves
Oklo stock surged 9.2% to 78.49 during Tuesday's stock market after falling 4.6% on Monday. Entering Tuesday's market, the nuclear stock was down more than 6% in August but had galloped 238% higher in the 2025 stock market.
On Aug. 6, Oklo stock hit an all-time high of 85.35 but has retreated since then.
While Oklo stock angled higher in Tuesday's stock market, fellow SMR-focused plays NuScale Power edged down 0.2% and Nano Nuclear Energy moved 4.8% higher.
Uranium miner Centrus Energy fell 0.6% Tuesday after gaining 7% last week as the company reported significantly better-than-expected second-quarter earnings and revenue, primarily due to favorable pricing on contracts for nuclear fuel.
Canada-based uranium refiner Cameco edged 0.9% higher in stock market trade on Tuesday
Cameco, which owns a 49% stake in nuclear reactor builder Westinghouse, also recently announced better-than-expected second-quarter earnings, with quarterly profit soaring 410%.
S&P 500 nuclear giant Constellation Energy advanced 2.1% in stock market trade with Vistra stock gained 4.7%
Among other nuclear plays, GE Vernova advanced 1% Tuesday. Uranium Energy moved 6.7% higher while Lightbridge soared 26.7%. Energy Fuels edged down 0.1% on Tuesday.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
Oklo stock has a 21-day average true range of 9.12%. The ATR metric, available on IBD's MarketSurge charting tool, gauges the characteristic breadth of a stock's behavior. Stocks that tend to make large jumps or dives in daily stock market action, the kind that can trigger sell rules and shake investors out of a stock, have a high ATR. Stocks that tend to make more incremental moves have lower ATRs.
Investors can keep tabs on the IBD Leaderboard watchlist, the IBD 50 list of top growth stocks and IBD SwingTrader along with the IBD Sector Leaders list.
The nuclear stock has a 93 Composite Rating out of a best-possible 99. Oklo stock also has a perfect 99 Relative Strength Rating and a 49 EPS Rating.
Please follow Kit Norton on X @KitNorton for more coverage.
YOU MAY ALSO LIKE:
Get Full Access To IBD Stock Lists And Ratings
Why This IBD Tool Simplifies The Search For Top Stocks
IBD Digital: Unlock IBD's Premium Lists, Tools And Analysis Today
How To Invest: Rules For When To Buy And Sell In Bull And Bear Markets
Nasdaq Hits New High, But Note This; Three Titans Flash Buy Signals
