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With gains of 57.96% between April 1 and April 27, Oklo Inc. (NYSE:OKLO) is included in our list of the 7 Energy & Utility Stocks that are on Fire in April.
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Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.
Oklo Inc. (NYSE:OKLO) regained the spotlight on April 23 when the company announced a high-profile partnership with Nvidia and the Los Alamos National Laboratory to advance critical nuclear infrastructure, AI-enabled research, and nuclear fuel R&D at Los Alamos. The purpose of this collaboration is to support the DoE’s Genesis Mission, a historical initiative to use AI to double the productivity and impact of American science and engineering within a decade.
Jacob DeWitte, Co-Founder and CEO at Oklo Inc. (NYSE:OKLO), commented:
“This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise. We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission.”
Moreover, Oklo Inc. (NYSE:OKLO) received another boost on the same day when HSBC initiated coverage of the stock with a ‘Buy’ rating and a price target of $96, indicating an upside of over 26% from the current price levels.
Oklo Inc. (NYSE:OKLO) was also recently included in our list of the 14 Best Energy Stocks to Buy According to Wall Street Analysts.
While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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