Oklo shares rose in premarket trading Tuesday after the nuclear power startup reported a first-quarter loss in line with analyst estimates, with the print highlighting solid construction progress at its Groves facility.
Shares in the company climbed about 1.5% in the premarket trade by 04:27 ET.
The company reported loss per share of $0.19 per share, greater than $0.07 loss per share from the year-ago quarter. However, it came in-line with analysts’ estimate of $0.19 per share.
Oklo’s earnings call commentary highlighted a continued shift from strategy to execution, with key construction milestones on track and a July 4th criticality target at its Groves facility.
On the regulatory front, the company flagged new NRC permitting developments that could cut approval timelines to under 18 months, with management saying the Part 57 pathway could be usable as soon as later this year.
JPMorgan analysts said Oklo’s first-quarter print "illustrates steady progress, though relatively quiet in nature."
Market analysts estimate the global nuclear opportunity at approximately $10 trillion, with SMR technology projected to reach a growth inflection point between 2030 and 2035 to meet surging electricity demand from data center infrastructure.
Oklo’s Aurora powerhouse leverages liquid-metal-cooled fast reactor technology to target AI data centers and industrial customers desperate for clean, baseload power.
Oklo earlier in the day, said that it has signed a strategic partnership Project with Battelle Energy Alliance, the management contractor for Idaho National Laboratory, to use artificial intelligence technologies for advanced reactor and fuel-system design work.
