On June 15, Oklo Inc. rose 5.01% in after-hours trading, trading at $60.36/share, with turnover of $5.09 million. The stock continues to benefit from a series of positive developments that have driven upward momentum in recent sessions.
On the news front, the US Department of Energy Idaho Operations Office formally approved the preliminary documented safety analysis (PDSA) for Oklo's Aurora powerhouse at Idaho National Laboratory under the Reactor Pilot Program on June 11. The PDSA covers the project's hazard analysis, accident analysis, safety controls, and design commitments, marking a critical milestone in the regulatory approval process and laying the groundwork for subsequent construction permits.
Additionally, Oklo completed its acquisition of precision manufacturing firm ARMEC on June 4, strengthening its vertical integration strategy. Wedbush Securities reiterated its outperform rating and $110 price target, noting that ARMEC's positive free cash flow and complementary capabilities are expected to enhance Oklo's margin profile. With $2.54 billion in cash and securities as of fiscal Q1, the company maintains ample liquidity for further strategic initiatives.
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