Should You Buy the Dip on Oklo?
(NYSE: OKLO) stock has been on a bit of a roller-coaster ride lately. After peaking at over $190 a share in mid-October of last year, the stock has lost roughly two-thirds of that value to trade at about $66 today.
The volatility is, of course, to be expected. Oklo is a pre-revenue advanced nuclear company that's riding on the promise of delivering always-on power to clients -- like data centers -- that need it badly. However, it doesn't have regulatory approval for its nuclear reactors, and it likely won't generate any commercial revenue until at least 2027.
Even so, a lot has been swinging favorably for the microreactor would-be operator. Earlier this year, Oklo announced a blockbuster agreement with Meta Platforms to develop a 1.2 gigawatt (GW) power campus in Ohio to help Meta's data centers in the area. Oklo was also selected last year by the Department of Energy (DOE) to participate in a pilot program aimed at fast-tracking licensing for advanced reactor designs like Oklo's.
Source Fool.com
