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.
Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share o...
NuScale Power's stock dropped 5% following UBS's downgrade from Neutral to Sell and a price target cut to $6, citing concerns over a construction timeline exceeding five years, lack of firm customer contracts, and projected $700 million cash burn ove...
Investment firm UBS downgraded NuScale Power's stock rating from Neutral to Sell on September 11, 2026, citing shifting market trends in the advanced nuclear energy sector. This downgrade contributed to a 5.6% drop in NuScale's stock price, reflectin...
Shares of advanced nuclear companies Oklo, NuScale Power, and X-Energy each dropped about 5% following Piper Sandler's split rating on the sector, with Oklo receiving a Buy rating and X-Energy a Sell. The sell-off reflects market caution despite fede...
Stocks of small modular reactor developers NuScale Power and Oklo rose sharply by 13% and 7% respectively, signaling renewed investor interest in the nuclear energy sector despite a broadly declining market. This rally comes without new company-speci...
