Nuclear energy provider Oklo (OKLO), which made its public debut just last year through a special purpose acquisition company (SPAC) merger, is certainly reaping the benefits from the increased interest in nuclear power as artificial intelligence (AI) and data center operations create an excess demand for electricity. In fact, the stock just landed a fresh Street-high price target this month, signaling growing conviction in its long-term potential.
After Oklo won an important government contract to power an Air Force base in Alaska, Wedbush analysts raised the price target on the company’s stock from $55 to a Street-high price target of $75. Wedbush sees significant potential in Oklo to leverage the growing demand for clean energy. They see the startup as a “clear leader” in this field on the basis of its business model.
