Oklo (OKLO +0.02%), a developer of microreactors for modular nuclear power plants, went public through a merger with a special purpose acquisition company (SPAC) nearly two years ago. It opened at $15.50 per share on its first day, and it now trades at about $48.
Oklo’s stock more than tripled even though it hasn’t deployed any of its microreactors or generated any meaningful revenue yet. But could this speculative nuclear energy stock actually be one of the smartest long-term investments you can make today?
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Why are investors excited about Oklo?
Over the past few years, the rapid growth of the power-hungry cloud, data center, and AI markets has driven more countries to revisit nuclear power as an alternative to fossil fuels. However, conventional nuclear reactors are large and expensive, and they need to be refueled in stages every two years. They’re…
