Comparative Analysis of Small Nuclear Reactor Startups
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy OKLO?
Source: Fool
- Massive Market Opportunity: Both Oklo and Nano Nuclear Energy are pursuing the small nuclear reactor market, which is projected to reach trillions of dollars, particularly in providing clean energy to power-hungry customers like AI data centers.
- Oklo's Partnership Advantage: Oklo boasts partnerships with major companies such as Meta, Switch, and Equinix, which together represent a power demand of approximately 14 gigawatts, equivalent to needing 187 Aurora powerhouses, indicating strong potential for future revenue growth.
- Nano's Early Positioning: Although Nano Nuclear Energy currently lacks regulatory approval, its memorandum of understanding with Super Micro Computer indicates customer interest in its microreactor technology, laying the groundwork for future development despite no current commercial revenue.
- Significant Valuation Discrepancy: Oklo's market cap stands at $12.5 billion, commanding a price-to-book ratio of around 8 despite no revenue, while Nano's $1.4 billion valuation appears more reasonable, potentially offering greater upside for investors.
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Analyst Views on OKLO
Wall Street analysts forecast OKLO stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 73.630
Low
90.00
Averages
125.11
High
175.00
Current: 73.630
Low
90.00
Averages
125.11
High
175.00
About OKLO
Oklo Inc. is an advanced nuclear technology company. The Company is engaged in developing fast fission power plants to provide clean, reliable, and affordable energy at scale. It is developing advanced fuel recycling technologies in collaboration with the United States Department of Energy and United States National Laboratories. It provides 24/7 clean energy to data centers, factories, industrial sites, communities, and defense facilities. It offers heat and power through power purchase agreements. Its powerhouse product line, Aurora, is designed to be inherently safe, to be able to run on fresh or recycled fuel, and to produce 15-50 megawatts electric (MWe) and with the potential to expand powerhouse size to produce 100 MWe of electricity. The Company intends to develop specialized radioisotope production capabilities to address urgent supply shortages in life-saving medical radioisotopes and advanced industrial applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Oklo Scheduled to Announce Q1 Earnings on May 12
- Earnings Announcement: Oklo is set to release its Q1 earnings results on May 12 after market close, with a consensus EPS estimate of -$0.18, indicating ongoing challenges in profitability.
- Earnings Estimate Fluctuations: Over the past three months, Oklo's EPS estimates have seen 4 upward revisions and 5 downward adjustments, reflecting analysts' divergent views on the company's future performance, which may impact investor confidence.
- Market Positioning Insight: Oklo is viewed as an inflection point for the small modular reactor (SMR) trade, particularly in the context of the rapid growth of AI infrastructure, attracting speculative buying interest and highlighting market focus on its future potential.
- Rating Changes: In the latest ratings, HSBC has assigned Oklo a “Buy” rating while NuScale is rated as “Hold,” reflecting a positive outlook on Oklo compared to a more cautious stance on its competitors.
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- Government Contract Support: BWX Technologies secured a $2.6 billion contract from the U.S. Naval Nuclear Propulsion Program, ensuring a stable revenue stream in the nuclear sector, and further expanding its market presence through collaboration with GE Vernova on small modular reactors.
- Strong Financial Performance: GE Vernova reported $38.1 billion in revenue and $4.9 billion in net income for 2025, showcasing its profitability in the nuclear market, while BWX Technologies generated $3.1 billion in revenue and nearly $330 million in net income, indicating its competitive edge in a niche market.
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- Financial Performance: Oklo's Q1 net loss deepened to $33.1 million, or $0.19 per share, meeting analyst expectations, indicating ongoing challenges in profitability, while maintaining $1.59 billion in cash reserves ensures short-term operational stability.
- Market Reaction: Following the earnings report, Oklo's stock fell 3% in after-hours trading, reflecting investor concerns over the company's continued losses, despite a nearly 50% increase in stock price over the past month, showcasing optimism in nuclear energy stocks.
- Strategic Partnership: Oklo announced a strategic partnership with Battelle Energy Alliance to leverage AI in accelerating advanced reactor and fuel system design, aiming to enhance the conceptual design capabilities of Oklo's reactor systems through national lab expertise, thereby strengthening its market competitiveness.
- Analyst Ratings: JPMorgan initiated coverage of Oklo with a 'neutral' rating and an $83 price target, suggesting potential in small modular reactors for clean baseload power, but seeking further successful commercialization execution, while Tigress Financial rated it 'Buy' with a $130 target, indicating an 80% potential return.
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- Earnings Highlights: Oklo's Q1 earnings report indicates a potential inflection point for the small modular reactor (SMR) market, which is expected to drive revenue growth in the coming quarters, particularly against the backdrop of rising demand for AI infrastructure.
- Investment Rating Changes: HSBC's analysis rates Oklo as a 'Buy' while NuScale is rated 'Hold', reflecting increased market confidence in Oklo's position within the SMR sector, which may attract more investor interest.
- Short Interest Analysis: In the utilities sector, Oklo and OTTR exhibit the highest short interest, while BIP and MGEE show the lowest, indicating a higher market risk assessment for Oklo that could impact its stock price volatility.
- Market Outlook: Positioned to capitalize on the rapid growth of AI infrastructure, Oklo is expected to benefit from increasing demand for clean energy solutions, further solidifying its competitive advantage in the small modular reactor market.
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- Financial Loss Overview: Oklo reported a net loss of $33.1 million in Q1, with an operational loss of $51.2 million primarily attributed to payroll, stock-based compensation, general business expenses, and professional fees, indicating significant challenges in cost management.
- Cash Flow Status: As of the reporting date, Oklo held $2.5 billion in cash and marketable securities, comprising $1.6 billion in cash and equivalents and $0.9 billion in marketable securities, suggesting a reasonable liquidity cushion despite operational losses.
- Market Positioning Analysis: Oklo is viewed as an inflection point for the small modular reactor (SMR) trade, and despite short-term losses, its potential in powering AI infrastructure positions it as a speculative buy, reflecting market optimism about its future growth prospects.
- Rating Changes: In recent analysis, Oklo was rated a “Buy” by HSBC, while NuScale received a “Hold” rating, indicating increased market confidence in Oklo despite the overall sector facing high short interest.
See More
Oklo Scheduled to Announce Q1 Earnings on May 12
- Earnings Announcement: Oklo is set to release its Q1 earnings results on May 12 after market close, with a consensus EPS estimate of -$0.18, indicating ongoing challenges in profitability.
- Earnings Estimate Fluctuations: Over the past three months, Oklo's EPS estimates have seen 4 upward revisions and 5 downward adjustments, reflecting analysts' divergent views on the company's future performance, which may impact investor confidence.
- Market Positioning Insight: Oklo is viewed as an inflection point for the small modular reactor (SMR) trade, particularly in the context of the rapid growth of AI infrastructure, attracting speculative buying interest and highlighting market focus on its future potential.
- Rating Changes: In the latest ratings, HSBC has assigned Oklo a “Buy” rating while NuScale is rated as “Hold,” reflecting a positive outlook on Oklo compared to a more cautious stance on its competitors.
See More
EchoStar Gains FCC Approval, Shares Rise
- EchoStar Stock Surge: EchoStar's shares rose nearly 4.5% following the FCC's approval of its $40 billion sale of wireless spectrum to AT&T and SpaceX, which is expected to significantly enhance the company's financial position and market competitiveness.
- Alibaba Profit Plunge: Alibaba's U.S.-listed shares fell 3% after reporting an 84% drop in Q1 profit, indicating severe short-term profitability challenges despite heavy investments in AI, which may hinder its future market performance.
- Nextpower Revenue Guidance Upgraded: Nextpower raised its full-year revenue guidance to a range of $3.8 billion to $4.1 billion, up from $3.6 billion to $3.8 billion, resulting in a 14% stock surge that reflects the company's strong growth potential in the energy sector.
- Resideo Earnings Guidance Miss: Resideo's shares plunged nearly 9% after guiding for current-quarter adjusted earnings between 71 to 75 cents per share, below the analyst expectation of 84 cents, despite beating first-quarter estimates, indicating potential investor concerns about future performance.
See More
Investment Potential in the Nuclear Energy Market
- Small Reactor Opportunities: GE Vernova's collaboration with Hitachi to build the BWRX-300 small modular reactor is set to commence commercial operations in Canada by the end of 2030, highlighting its unique position in the North American market while laying the groundwork for future nuclear energy development.
- Government Contract Support: BWX Technologies secured a $2.6 billion contract from the U.S. Naval Nuclear Propulsion Program, ensuring a stable revenue stream in the nuclear sector, and further expanding its market presence through collaboration with GE Vernova on small modular reactors.
- Strong Financial Performance: GE Vernova reported $38.1 billion in revenue and $4.9 billion in net income for 2025, showcasing its profitability in the nuclear market, while BWX Technologies generated $3.1 billion in revenue and nearly $330 million in net income, indicating its competitive edge in a niche market.
- Long-Term Investment Outlook: Despite GE Vernova's stock price soaring 675% over the past five years, its diversified revenue streams and growth potential make it a more attractive long-term investment, while BWX Technologies stands out as a solid choice due to its stable government contracts and reliable market position.
See More
Oklo Reports Deeper Q1 Net Loss of $33.1 Million Amid Strategic Partnerships
- Financial Performance: Oklo's Q1 net loss deepened to $33.1 million, or $0.19 per share, meeting analyst expectations, indicating ongoing challenges in profitability, while maintaining $1.59 billion in cash reserves ensures short-term operational stability.
- Market Reaction: Following the earnings report, Oklo's stock fell 3% in after-hours trading, reflecting investor concerns over the company's continued losses, despite a nearly 50% increase in stock price over the past month, showcasing optimism in nuclear energy stocks.
- Strategic Partnership: Oklo announced a strategic partnership with Battelle Energy Alliance to leverage AI in accelerating advanced reactor and fuel system design, aiming to enhance the conceptual design capabilities of Oklo's reactor systems through national lab expertise, thereby strengthening its market competitiveness.
- Analyst Ratings: JPMorgan initiated coverage of Oklo with a 'neutral' rating and an $83 price target, suggesting potential in small modular reactors for clean baseload power, but seeking further successful commercialization execution, while Tigress Financial rated it 'Buy' with a $130 target, indicating an 80% potential return.
See More
Oklo Q1 Earnings: Inflection Point for SMR Trade
- Earnings Highlights: Oklo's Q1 earnings report indicates a potential inflection point for the small modular reactor (SMR) market, which is expected to drive revenue growth in the coming quarters, particularly against the backdrop of rising demand for AI infrastructure.
- Investment Rating Changes: HSBC's analysis rates Oklo as a 'Buy' while NuScale is rated 'Hold', reflecting increased market confidence in Oklo's position within the SMR sector, which may attract more investor interest.
- Short Interest Analysis: In the utilities sector, Oklo and OTTR exhibit the highest short interest, while BIP and MGEE show the lowest, indicating a higher market risk assessment for Oklo that could impact its stock price volatility.
- Market Outlook: Positioned to capitalize on the rapid growth of AI infrastructure, Oklo is expected to benefit from increasing demand for clean energy solutions, further solidifying its competitive advantage in the small modular reactor market.
See More
Oklo Reports Q1 Net Loss of $33.1 Million Amid Operational Challenges
- Financial Loss Overview: Oklo reported a net loss of $33.1 million in Q1, with an operational loss of $51.2 million primarily attributed to payroll, stock-based compensation, general business expenses, and professional fees, indicating significant challenges in cost management.
- Cash Flow Status: As of the reporting date, Oklo held $2.5 billion in cash and marketable securities, comprising $1.6 billion in cash and equivalents and $0.9 billion in marketable securities, suggesting a reasonable liquidity cushion despite operational losses.
- Market Positioning Analysis: Oklo is viewed as an inflection point for the small modular reactor (SMR) trade, and despite short-term losses, its potential in powering AI infrastructure positions it as a speculative buy, reflecting market optimism about its future growth prospects.
- Rating Changes: In recent analysis, Oklo was rated a “Buy” by HSBC, while NuScale received a “Hold” rating, indicating increased market confidence in Oklo despite the overall sector facing high short interest.
See More
