Oklo, Inc. (OKLO)
NYSEUtilitiesIndependent Power ProducersSnapshot 2026-09-09
$42.57-1.71%
Close 2026-09-09 · 1-day change
NYSEUtilitiesIndependent Power ProducersSnapshot 2026-09-09
Broken: Primary pillar broken — Reduce operating losses toward break-even: metric not reported.
Oklo is working to reduce its operating losses, which were $51.2 million in 2026-Q1. The company is improving cash flow, with cash used in operations down to $17.9 million in 2026-Q1. New deals and partnerships aim to speed reactor deployment and improve income.
Oklo remains loss-making with no clear improvement in operating income or net losses. Operating losses reached $57.1 million in 2025-Q4 and net losses were $33.1 million in 2026-Q1. The recent sharp stock selloff reflects market doubts about its turnaround progress.
The stock price is about 46% below our fair value of $88, reflecting skepticism on Oklo's ability to improve losses. Our fair value aligns with the Street median, but the market prices in continued challenges and negative growth.
Breaks if: Cash used in operations remains below -$10 million over next 4 quarters
Focus on improving cash flow from operating activities to support financial stability.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth thesis focused on advanced nuclear power. The current state reflects a mix of early-stage development and significant operational losses, indicating a high-risk environment.
The market appears to be pricing in a low level of fragility, influenced by a turbulent sector backdrop. However, the recent financial performance has been weak compared to peers, suggesting that expectations may not fully account for the potential challenges ahead.
Fundamentals are likely to remain under pressure due to ongoing operating losses and negative cash flow. Management's efforts to improve execution and manage losses have shown limited progress, which could hinder recovery in the near term.
The long-term thesis hinges on external factors such as potential Federal Reserve rate cuts and the performance of sector bellwethers like CEG, VST, and NRG. Positive developments in these areas could provide a tailwind, while negative trends could further impact OKLO's trajectory.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. Oklo achieved first sales of $1.2 million. This is its first revenue in company history. The Groves Isotope Test Reactor reached first criticality quickly. This shows Oklo's ability to build and operate a nuclear facility. However, Oklo lost about $153 million over the past year. This raises concerns about its financial health and sustainability.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Net loss remains below -$20 million over next 4 quarters
Breaks if: Operating income remains below -$30 million over next 4 quarters
Continue efforts to reduce operating losses and improve operating income over multiple quarters.
In the next 1 to 3 years, OKLO's outlook will depend heavily on external market conditions and management's ability to navigate operational challenges. Not investment advice.