Oklo shares drop 35% despite $8.5B valuation and no revenue; FY2025 results may shift outlook.

Oklo's stock has fallen 35% since the last coverage, yet the company maintains an $8.5 billion enterprise value despite having no revenue. The FY2025 guidance missed the mark by $74 million, raising concerns, but the balance sheet reveals a different perspective on the company's actual position. The article discusses the potential of small modular reactors (SMRs) as a transformative energy technology amid rising global energy demands, especially highlighted by geopolitical tensions like the Iran War. While the author remains neutral on Oklo, the analysis explores the possible bullish case based on long-term energy needs and technological innovation.