Why Oklo Stock Is Soaring This Week
Shares of (NYSE: OKLO) are flying this week. Since trading halted last Friday, the nuclear power start-up's stock has surged 28.2% as of 2:33 p.m. ET. The impressive jump comes as the S 500 and Nasdaq-100 both had monster weeks, rising 4.3% and 6.2%, respectively.
The company, which develops small modular reactors (SMRs), released better-than-expected first-quarter results this week as well as announcing it had hired a new key executive.
Oklo reported a Q1 2025 loss of $0.07 per share, handily beating Wall Street's target of $0.10 per share. It's also a massive year-over-year improvement from the $4.79 per share loss it reported in Q1 2024.
Source Fool.com
