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Why Oklo Stock Is Skyrocketing Today

TheMotleyFool

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Shares of (NYSE: OKLO) are skyrocketing on Wednesday. The nuclear power start-up's stock surged 16% as of 12:17 p.m. ET today and gained as much as 22.9% earlier in the day. The impressive jump comes as the S 500 and Nasdaq Composite gained 0.1% and 0.6%, respectively.

The company, which is developing small-scale nuclear reactors, reported better-than-expected first-quarter results after the market closed on Tuesday.

Oklo announced a first-quarter 2025 loss of $0.07 per share, a massive improvement from the $4.79 per share loss reported in the year-ago quarter. The result also beat Wall Street's expectations of a $0.10 loss.

Source Fool.com