On January 12, UBS analyst Jon Windham maintained a Neutral rating on Oklo Inc. (NYSE:OKLO) stock, setting a price target of $95.00. Analysts at the firm stated that Oklo's recent agreement with Meta provides strategic value, but they are cautious because of early-stage execution risks and a long development timeline.
Oklo recently announced a clean energy agreement with Meta. The company said this deal "advances" its development of a 1.2 gigawatt campus in Pike County, Ohio. Firm analysts believe the agreement is positive for Oklo as it offers financial support for its early-stage advanced reactor projects.
They noted that Meta has agreed to prepay for power and provide funding to support project development. The first phase of this project is expected to reach commercial operation in 2030.
It is also anticipated that Oklo's Aurora-INL project will deliver important initial construction cost data in 2026.
"The agreement further underscores the scarcity of available clean energy supply to meet growing tech company electricity demand, in our view. We expect Oklo’s Aurora-INL project to provide significant initial construction cost data for Oklo’s reactors in 2026," the analysts said.
Oklo Inc. develops advanced nuclear power plants that recycle nuclear waste to provide clean, reliable energy.