Is Oklo Stock a Buy Now?
Although the stock of nuclear start-up Oklo (NYSE: OKLO) is up more than 350% so far this year, existing shareholders will remember that just a month ago, it was up more than 700% year to date. Over the past month, shares have dropped some 40%, erasing more than $10 billion from the company's market value.
However, Oklo just reported third-quarter earnings, and the report -- along with some additional news the company provided -- makes a compelling case that the stock isn't dead just yet. Here's why the beaten-down energy stock may still be a buy.
Oklo is currently in its pre-revenue or "prototype" phase, meaning it hasn't even begun commercial operations yet. So, unlike established companies, when Oklo's earnings report shows zero revenue and a $36.3 million operating loss -- a loss three times as large as the year-ago quarter -- investors shouldn't be overly concerned. The company's current financials in no way reflect what its financial picture will look like when its business actually starts doing business.
Source Fool.com
