Oklo stock jumps 19% on narrower loss and strong cash position amid nuclear sector rebound

Oklo's stock rose 19% after reporting a smaller-than-expected loss and increasing its cash reserves to $3.13 billion. The company is progressing with reactor construction in Idaho and has federal safety approval, targeting plant operation by 2028-2029. Despite the gains, Oklo still needs to secure binding customer contracts and reveal cost estimates for its Aurora plant. Other nuclear stocks like NuScale Power and Nano Nuclear Energy also saw gains amid a broader market rebound, but investors remain cautious about future financing and contract developments.

Oklo's shares surged by 18.70% to USD 22.79 on Pluang as of Nov 06, 2026 23:21 WIB, closely matching the article's reported 19% jump. This rise comes alongside a broader nuclear sector rebound, with NuScale Power also gaining 12.87% to USD 4.91. Despite strong price moves, Oklo's market cap remains at $3.57 billion, and the stock sees more selling than buying activity on Pluang, with 72% of orders to sell versus 28% to buy.