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Oklo (NYSE: OKLO) Progresses with SMR Technology and Capital Strategy

  • Oklo (NYSE: OKLO), a pre-revenue nuclear technology company, is actively developing advanced small modular reactors (SMRs) to provide clean energy solutions, particularly for data centers.

  • UBS analysts have set a price target of $41.00 for Oklo, suggesting a potential upside of 7.08% from its stock price of $38.29 at the time of the announcement.

  • To fund its operations and development of fast-fission plants, Oklo utilizes at-the-market (ATM) stock sales, having raised significant capital through new share issuances, and aims to deploy its first Aurora microreactors by 2028.

Oklo (NYSE: OKLO) is a nuclear technology company developing advanced small modular reactors (SMRs) called Aurora Powerhouses. The company is in a pre-revenue stage, meaning it does not yet have sales from its main business. It focuses on providing clean energy solutions, particularly for customers like data centers.

On September 25, 2026, an analyst from UBS lowered their price target for Oklo to $41.00. At the time of the announcement, the stock’s price was $38.29. As highlighted by TheFly, this new target represents a potential upside of approximately 7.08% from its price at that moment.

As an early-stage company, Oklo requires significant investment to develop its fast-fission plants. To raise money, it uses at-the-market (ATM) stock sales. This allows the company to sell new shares to investors to fund its operations, which reported an operating loss of $124.20 million in early 2026.

In 2026, Oklo initiated two ATM programs, each valued at up to $1.00 billion. Since early 2025, the company has issued 47.70 million new shares to secure capital. One sale in May raised funds by selling nearly 18.00 million shares at an average price of $55.64 per share.

Recent legislative developments could also impact the company. The U.S. House passed the Ratepayers Protection Act, which may increase the commercial appeal of Oklo’s reactors for data centers. The company also announced its goal to deploy its first Aurora microreactors by 2028, providing a clearer project timeline.

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