Oklo (NYSE:OKLO – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.05, FiscalAI reports. The company had revenue of $1.86 million during the quarter, compared to analysts’ expectations of $1.03 million. During the same quarter in the prior year, the business posted ($0.20) earnings per share.
Here are the key takeaways from Oklo’s conference call:
- Aurora-ID construction is advancing: excavation is complete, structural steel and safety-related rebar work are underway, and DOE has approved the preliminary safety analysis. Oklo is also installing equipment at its fuel-fabrication facility and targets its first full fuel assembly in 2027.
- Oklo reported a $123.3 million year-to-date net loss and $110.9 million of cash used in operations through September. Its $3.1 billion in cash and marketable securities includes $2.3 billion raised through ATM offerings, while full-year operating cash use is still expected at $120 million–$150 million.
- The 10-Q places Aurora-ID’s expected startup in 2028–2029; management cited commissioning, testing, and equipment-integration needs as reasons to maintain schedule flexibility. The Ohio project’s Meta agreement is not yet binding to build, and its interconnection process is expected to continue over the next 24 months.
- Oklo is pursuing revenue beyond power sales through fuel fabrication, recycling, and isotope production. Groves-2 was selected for DOE’s Nuclear Energy Launch Pad, and management is targeting 2027 for recycling-pilot commissioning and its first contracted isotope delivery, while noting these milestones depend on execution and approvals.
Oklo Stock Performance
NYSE:OKLO traded up $4.35 during mid-day trading on Friday, hitting $23.55. 24,869,573 shares of the company’s stock traded hands, compared to its average volume of 9,472,418. The company has a fifty day moving average of $33.56 and a 200 day moving average of $52.36. Oklo has a twelve month low of $18.53 and a twelve month high of $117.44. The company has a market capitalization of $4.38 billion, a P/E ratio of -25.05 and a beta of 1.31.
Insider Buying and Selling at Oklo
In related news, General Counsel Vivek Narayanadas sold 1,021 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $26.50, for a total value of $27,056.50. Following the completion of the transaction, the general counsel directly owned 10,669 shares of the company’s stock, valued at $282,728.50. This trade represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Bealmear sold 16,727 shares of Oklo stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total transaction of $427,374.85. Following the completion of the sale, the chief financial officer owned 467,261 shares of the company’s stock, valued at $11,938,518.55. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 350,203 shares of company stock valued at $12,424,945. Insiders own 12.70% of the company’s stock.
Key Headlines Impacting Oklo
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo reported a Q3 loss of $0.22 per share, narrower than analysts’ average estimate of $0.27, and revenue of $1.86 million, above the $1.03 million consensus cited in reports. The better-than-expected results helped lift the shares. MarketWatch earnings report
- Positive Sentiment: The company agreed to work with U.S. Forged Rings on planned domestic manufacturing capacity for large reactor components. The arrangement is intended to help address potential supply bottlenecks for future Aurora powerhouse deployments. Manufacturing partnership announcement
- Positive Sentiment: A broader rebound in nuclear-energy stocks also supported the move, suggesting some of the prior sector-wide pressure eased. Nuclear stocks rebound
- Negative Sentiment: Oklo still has very limited revenue and reported a quarterly loss. Its reported $3.13 billion in cash and investments offers funding for development, but much of that balance came from stock sales, highlighting reliance on capital markets and potential dilution as it pursues costly projects. Quarterly results and cash position
Analyst Ratings Changes
OKLO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oklo in a report on Wednesday. Truist Financial lowered their price target on shares of Oklo from $51.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. B. Riley Financial lowered their price target on shares of Oklo from $92.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Barclays cut their price objective on shares of Oklo from $76.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Finally, Canaccord Genuity Group reduced their price objective on shares of Oklo from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.
About Oklo
Oklo Inc is an advanced nuclear technology company developing compact fission power plants designed to provide reliable, carbon-free electricity. Its flagship product, the Aurora powerhouse, is a small modular reactor intended to operate with a high degree of fuel efficiency and to supply power directly to customers such as utilities, industrial facilities, data centers and other energy-intensive operations.
The company is also developing fuel-recycling capabilities intended to convert used nuclear fuel and other material into fuel for advanced reactors.
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