This Nuclear Stock Just Dropped Nearly 46% -- Screaming Buy or Warning Sign?
Oklo has plunged from last year's highs, but its progress and leadership could make it a compelling buy.
Overview
Oklo (NYSE: OKLO), the advanced nuclear company, trades about 46% lower on the year.
The ongoing sell-off of the nuclear stock, which has wiped out roughly 80% of its value since last October, wasn't completely unwarranted, as its valuation had grown lofty for a nuclear start-up with no commercial revenue.
Details
However, Oklo's situation is improving. It now has a project pipeline that exceeds 14 gigawatts. Federal policy is becoming increasingly supportive of advanced nuclear power for AI data centers. The company also received authorization from the U.S. Department of Energy to start loading nuclear fuel into its Groves Reactor for testing.
Source
Originally published at www.fool.com.