Why Oklo Stock Crushed it on Thursday
There's nothing like securing the supply of a mission-critical input.
Why Oklo Stock Crushed it on Thursday
Overview
One standout stock in the energy sector on Thursday was next-generation nuclear company Oklo (NYSE: OKLO). Its shares closed the trading session up 4%, trouncing the bellwether S&P 500 index's barely over 1% gain. A new supply agreement was the key catalyst behind that price rise.
Before market open that day, Oklo and nuclear fuel supplier Centrus Energy Group unveiled a letter of intent, under which Centrus will provision up to five powerhouses currently under construction in southern Ohio.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
