Oklo Stock Jumps as Meta Platforms Prepays for Ohio Nuclear Project Energy

TLDR

• Oklo stock rose 8% Friday after Meta Platforms agreed to prepay for energy from Ohio nuclear project
• Meta funding helps Oklo develop 1.2-gigawatt facility to power AI data centers, expected online by 2030
• Stock has gained 260% year over year despite $15 billion market cap and zero current revenue
• Company still needs Nuclear Regulatory Commission design approval before building full-scale reactors
• Meta’s prepayment validates Oklo’s nuclear technology for powering AI infrastructure needs

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Oklo stock closed up nearly 8% Friday after announcing an energy supply deal with Meta Platforms. The nuclear technology company will provide power for Meta’s AI data centers.

Oklo Inc., OKLO

Meta agreed to prepay for electricity from Oklo’s 1.2-gigawatt project in Pike County, Ohio. The funding helps Oklo obtain nuclear fuel and advance Phase 1 development on 206 acres purchased from the Department of Energy.

Oklo plans to start site suitability studies and pre-construction activities this year. The first phase should come online by 2030.

Nuclear Power for AI Growth

AI companies need massive amounts of electricity for data centers. Nuclear power offers cleaner, potentially more affordable energy than gas-fired plants.

Meta’s deal shows how tech giants are locking in future energy supplies. Oklo designs small fast-spectrum reactors to provide reliable power at scale.

The stock jumped as high as 18.6% during Friday’s session before settling at 8%. This extends Oklo’s strong run into 2026.

Valuation Concerns Remain

Oklo stock has surged 260% year over year. Shares were up almost 30% year to date as of January 8.

The company carries a $15 billion market cap but generates no revenue today. Oklo plans to own and operate nuclear facilities, selling electricity under long-term power purchase agreements.

Oklo recently signed an agreement with the Department of Energy for a radioisotope pilot facility through its Atomic Alchemy subsidiary. Even with this expansion, significant sales could take years.

The company hasn’t secured a Nuclear Regulatory Commission design license yet. Oklo also hasn’t built or operated a full-scale Aurora powerhouse.

Reactors might not perform as expected in real-world conditions. The NRC approval process continues without guarantees.

For near-term investors, upside could be limited by unproven fundamentals. Long-term investors willing to wait five or 10 years might see different results if Oklo gets NRC approval.

The Meta deal represents real progress toward commercialization. Major tech companies backing Oklo’s technology validates the business model to some degree.

Oklo shares traded between $104.03 and $115.72 Friday with volume of 40,000 shares. The 52-week range stands at $17.42 to $193.84.

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