Shares of Oklo Inc (NASDAQ:OKLO) are trading lower Tuesday after Bank of America Securities downgraded the nuclear energy company from Buy to Neutral, citing valuation concerns. Here’s what investors need to know.
What To Know: While BofA raised its price target to $117 from $92, it suggested the stock's valuation may have "run ahead of reality" following a 430% year-to-date surge. The firm also pointed to fuel supply concerns and questions over cost targets. The company also earlier reported that the U.S. Nuclear Regulatory Commission accepted a key design report under an "accelerated timeline."
