Wolfe Research initiated coverage on Oklo Inc. (NYSE:OKLO) with a Peerperform rating, assigning a fair value range of $51 to $71 per share.
The stock trades at $58.56. Bond.az analysis suggests potential overvaluation at current levels.
Founded by MIT alumni and chaired by Sam Altman, Oklo targets its first commercial Gen IV reactor by 2028.
Order book is heavy on Switch and Meta. Oklo plans to build, own, and operate its plants using sodium-cooled fast reactors.
The company raised $2.5 billion in equity over the past year. Analysts don't expect profitability this year, with EPS forecast at -$0.68.
