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Why Is Oklo Stock Jumping Today?

TheMotleyFool

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Shares of (NYSE: OKLO) are rising on Tuesday, up 6.4% as of 2:07 p.m. ET. The move comes as the S 500 (SNPINDEX: ^GSPC) gained 0.2%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.3%.

A string of positive news stories from the past several weeks, including a new buy rating from Canaccord Genuity analysts and the company's selection by the Department of Energy (DOE) to participate in a new pilot program, is lifting shares of the nuclear energy company.

The investment bank Canaccord Genuity initiated coverage of Oklo last week. In its first analysis, Canaccord gave Oklo stock a buy rating and set a price target of $175.

Source Fool.com