Oklo Inc's shares fell over 7% following the launch of a new $1 billion at-the-market (ATM) stock offering. This comes after the company fully utilized its previous $1 billion ATM program within four months, selling nearly 18 million shares at an average price of $55.64. If the new offering raises the full $1 billion at around $40 per share, Oklo would issue about 25 million shares, diluting existing shareholders by approximately 11.5%. The stock has already dropped more than 48% year to date, and ATM offerings typically put downward pressure on share prices due to dilution effects.
Nuclear energy stocks, including NuScale Power, Energy Fuels, and Oklo, have dropped significantly due to rising long-term Treasury yields, which reached 5.26%. This increase raises borrowing costs and lowers the present value of future earnings, hit...
A year ago, Oklo and NuScale were highly recommended as buys amid optimism for small modular reactors (SMRs) in nuclear energy. Since then, Oklo's stock dropped 81.4% and NuScale's fell 85.8%, reflecting ongoing execution risks and lack of commercial...
Nuclear reactor stocks, led by NuScale Power, Oklo, and Centrus Energy, experienced sharp declines, with NuScale falling 7% and now down 53% year-to-date. The selloff reflects investor worries about long construction timelines, limited firm orders, a...
