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Why Oklo Stock Plunged on Wednesday

TheMotleyFool

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Investors are giving Oklo (NYSE: OKLO) the cold shoulder this December. The nuclear energy stock slumped on Wednesday, trading 9% lower as of 2:40 p.m. ET. As of this writing, shares of Oklo have fallen 15% in December, following Wednesday's drop.

Oklo is building fast-fission nuclear energy plants called Aurora that can run on repurposed fuel. Its ability to recycle nuclear fuel is a major differentiator. Oklo made two back-to-back announcements on Dec. 16 and Dec. 17 related to fuel fabrication, but investors don't seem to be paying any attention to them.

Image source: Getty Images.

Source Fool.com