Oklo Stock: Nuclear Startup Lands Siemens Energy Deal For Reactor Project

TLDR

• Oklo partnered with Siemens Energy to accelerate component procurement for its Aurora powerhouse project
• The deal covers engineering and design work for the power conversion system at Idaho National Laboratory
• First Aurora deployment scheduled for late 2027 or early 2028
• Stock jumped 4% Wednesday but remains highly speculative with no revenue
• Shares up 385% year-to-date despite recent volatility and zero commercial operations

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Oklo shares gained ground Wednesday following news of a binding agreement with Siemens Energy. The deal advances the company’s Aurora powerhouse project, though investors face a long wait before commercial operations begin.

Oklo Inc., OKLO

Siemens Energy will handle engineering and design activities to speed up component sourcing for the Aurora powerhouse’s power conversion system. The facility is under development at Idaho National Laboratory in Idaho.

The stock climbed 4% during morning trading after reaching an earlier high of 9.6%. This gain came as the broader S&P 500 added 0.4%.

What Makes Aurora Different

Aurora uses a small fast reactor cooled by sodium instead of water. The design allows the system to run on spent nuclear fuel from traditional plants without additional uranium enrichment.

Alex Renner, Oklo’s chief product officer, emphasized the benefits of using proven technology. The company can leverage commercially available power systems like Siemens Energy’s turbine technology to reduce costs and speed up timelines.

Oklo plans to eventually pair AI data centers with Aurora Powerhouses. Both would share the same cooling system, creating a compact footprint that could operate near population centers without straining local power grids.

The company targets late 2027 or early 2028 for its first Aurora deployment. This timeline gives a clear benchmark for when the technology might prove itself in real-world conditions.

The Risk Factor

Oklo generates no revenue. The company has no commercial operations, no operating cash flow, and no proven business model.

The prototype reactor won’t reach criticality for at least another year. Even after that milestone, teams will need time to evaluate performance and cost data. Investors probably won’t see concrete validation until late 2027 at the earliest.

This uncertainty shows in the stock price. Shares traded under $20 in April before rocketing to nearly $175 by mid-October. After a sharp pullback, the stock now sits around $100.

Recent Price Action

The stock has delivered a 385% gain year-to-date. But that performance came with wild swings that highlight the speculative nature of the investment.

In late October, Cathie Wood’s Ark Autonomous Technology & Robotics ETF trimmed its Oklo holdings by about one-third. The move triggered a 30% drop over the next week even though the fund kept a $14.7 million position.

These price movements happen without fundamental business changes. Instead, they respond to news releases, industry developments, and investor sentiment shifts.

The company’s market cap stands at $16 billion. Wednesday’s trading volume hit 71,000 shares against an average of 19 million shares. The 52-week range stretches from $17.14 to $193.84.

The stock closed Wednesday at $102.86, up $6.23 from Tuesday’s close. Investors buying shares today are essentially betting on technology that won’t be validated for at least two more years.

The Siemens Energy partnership represents progress toward that goal. But with years of development ahead and zero revenue on the books, Oklo remains a high-risk play suited only for investors comfortable with extreme volatility and long wait times.

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