Oklo co-founder and CEO Jacob Dewitte will speak in his oval office as he attends the signing of an executive order by US President Donald Trump at the White House in Washington, DC on May 23, 2025.
Kent Nishimura | Reuters
Nuclear power generation OKLO After several executives dropped the stock, it fell 15% over the past two days, with Goldman Sachs telling investors to look after it and approach the stock.
Goldman began reporting on Okro on Wednesday with a neutral rating, warning investors that the ratings look full and that business strategies need to take risks. The bank will see Oklo shares pulling back around 11% over the next 12 months, returning to $117 per share.
Oklo has also seen clusters of insiders for sale over the past few days. According to Verity Data, CEO Jacob Dewitte put a load on $3 million in stock this week in the form of gifts, while Oklo director Michael Klein dumped $6.7 million worth of stock. According to Verity, CFO Craig Bealmear sold $9.4 million in stake at the end of last week.
Oklo shares the year
Oklo’s stock has skyrocketed more than 470% this year as investors become keen on the role nuclear power can play in powering artificial intelligence data centers.
However, Oklo does not yet have the necessary licenses from the Nuclear Regulation Authority to build and operate the first 75 megawatt power plant known as the Aurora Powerhouse. I plan to submit a license application this year. Additionally, Oklo has not yet made any profits, has not signed a finalized power purchase agreement and will not begin commercial operations until late 2027 or early 2028.
“Oklo has been a catalyst-driven inventory for the past year and has seen a path to a continuous short-term catalyst, but we believe the company needs to secure a final customer contract.”
Goldman also views Okro’s business model of owning and operating a power plant as a “heavy capital burden” that presents “a meaningful risk to Okro’s success.”
Investors see Oklo as the leading beneficiary of President Donald Trump’s executive order, particularly his demand for the NRC to approve the plant faster. DeWitte attended Trump’s signature ceremony, and energy secretary Chris Wright served as a member of Okro’s board of directors before joining the administration.
