NY Nuclear Revival Boosts Oklo Stock: Above $60 After Sharp Pullback, $100 Soon?
Oklo Inc. (NYSE: OKLO) shares surged over 10% Tuesday as investor excitement returned following a U.S. Air Force partnership and renewed...
Quick overview
- Oklo Inc. shares surged over 10% following a partnership with the U.S. Air Force and renewed support for nuclear energy.
- The company's stock rebounded after a significant drop, highlighting investor confidence in its advanced microreactor technology.
- New York's announcement to build its first new nuclear power plant in nearly 15 years further fueled optimism in the nuclear sector.
- Oklo is positioned as a leader in next-gen nuclear energy, with strong growth potential amid increasing political momentum.
Oklo Inc. (NYSE: OKLO) shares surged over 10% Tuesday as investor excitement returned following a U.S. Air Force partnership and renewed support for nuclear energy at the state level.
Air Force Partnership Ignites Optimism
Oklo Inc. saw its stock price roar back to life Tuesday, surging 10.2% to close at $60.71, after opening with a bullish gap at $57.91. This marks a major reversal following a 30% slide over the past five trading sessions. The bounce comes on the heels of a historic agreement with the U.S. Air Force, announced earlier this month, which named Oklo the preferred energy partner for an advanced clean power initiative.
The partnership highlights Oklo’s growing clout in both the defense and energy sectors, especially with its Aurora microreactor technology—a next-generation, emissions-free nuclear solution designed for deployment in challenging environments. The announcement propelled the stock $16 higher in a single session earlier in June, signaling the market’s strong interest in advanced nuclear solutions backed by national security frameworks.
Wall Street Downgrade Triggers Short-Term Dip – The 20 SMA Held As Support
Despite the breakthrough, Craig-Hallum downgraded OKLO from Buy to Hold on valuation concerns, issuing a price target of $59. The firm acknowledged the Trump administration’s latest executive order streamlining nuclear project approvals but cited lingering uncertainty around regulatory progress. This prompted last week’s pullback from a high of $73.50.
However, Tuesday’s rebound demonstrates investors’ continued conviction, particularly as momentum around nuclear power infrastructure builds.
New York’s Nuclear Power Push Fuels Renewed Buying
Fueling the rally further was New York Governor Kathy Hochul’s announcement that the state will build its first new nuclear power plant in nearly 15 years. The project aims to generate enough electricity to power one million homes, with the New York Power Authority instructed to add at least 1 gigawatt of new nuclear capacity. This shift in public policy adds credibility and urgency to the nuclear revival narrative—one that companies like Oklo are well-positioned to lead.
The news gave a lift to the broader sector, with top nuclear names climbing around 2% on the day, reinforcing Oklo’s positive trajectory.
Conclusion: With a major federal contract in hand, growing political momentum, and proprietary microreactor tech, Oklo Inc. is re-emerging as a leader in next-gen nuclear energy. The recent dip appears to be a healthy technical correction rather than a trend reversal. As nuclear policy accelerates under both state and federal banners, the runway for OKLO’s future growth—both as an energy innovator and a strategic military partner—looks increasingly expansive.
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