Prediction: Oklo Won't Book Its First Commercial Power Revenue Before 2028
The nuclear start-up just proved it can build a reactor in 11 months. Selling electricity from one runs on a different schedule.
Overview
Oklo (NYSE:OKLO) had the best month of its corporate life in August. The nuclear reactor developer reported its first revenue in company history, about $1.2 million, mostly from services. Days earlier, Groves (the company's isotope test reactor in Lockhart, Texas) sustained a controlled nuclear chain reaction for the first time. Nuclear engineers call that first criticality, and it arrived in early August, about 11 months after construction started on an empty site. A company long defined by promises now has an operating reactor.
But an operating test reactor is not a power business. Oklo's actual product -- electricity sold from its Aurora powerhouses under long-term contracts -- doesn't exist yet, and the growth stock's valuation rests on when it will.
Details
So here is my prediction, built from Oklo's own published schedule: The company won't book its first dollar of commercial power revenue before 2028.
Source
Originally published at www.fool.com.