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Oklo Inc (OKLO)
NYSE:OKLO
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Oklo Inc
(NYSE:OKLO)
35Underperform
Positive Factors
Market Demand
OKLO's commercial pipeline has expanded 20x over the past 18 months to 14+ GWs driven by key partnerships including with data center leaders Equinix and Switch.
Product Expansion
Oklo is expanding their Powerhouse reactor to support up to 75MW, driven by strong demand from data center customers.
Regulatory Engagement
Oklo is actively engaging with the NRC for a pre-application readiness assessment, which is expected to streamline the formal review process.
Negative Factors
Capital Requirements
Larger NT cash requirements and increased likelihood of outside capital before the first reactor commissioning will likely weigh on the stock.
Financial Performance
4Q24 Results showed an EBIT of -$15.4mm driven by higher operational expenses, especially R&D.
Oklo Inc (OKLO) vs. S&P 500 (SPY)
Market Cap
$4.02B
Dividend YieldN/A
Average Volume (3M)13.87M
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue GrowthN/A
EPS Growth-2833.30%
CountryUS
Employees2
SectorFinancial
Sector Strength84
IndustryRegulated Utilities
Share Statistics
EPS (TTM)-5.16
Shares Outstanding139,018,310
10 Day Avg. Volume13,267,015
30 Day Avg. Volume13,867,205
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.64
Price to Cash Flow (P/CF)-105.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$44.00Price Target Upside66.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Oklo Inc Business Overview & Revenue Model
Company DescriptionOklo Inc (OKLO) is a pioneering company in the energy sector, specializing in the design and deployment of advanced, compact nuclear reactors. These reactors are designed to provide reliable, clean, and cost-effective energy solutions. Oklo's innovative approach focuses on utilizing waste nuclear material as fuel, aiming to revolutionize the nuclear energy landscape and contribute to sustainable energy practices.
How the Company Makes MoneyOklo Inc generates revenue primarily through the development, sale, and operation of its advanced nuclear reactors. The company secures contracts with utilities and industrial customers who require stable and sustainable energy solutions. Oklo's reactors are designed to be deployed in a variety of settings, offering flexibility to its clients. Additionally, Oklo may engage in strategic partnerships with governments and private entities to further expand its market reach and technological capabilities. Revenue streams are further enhanced by providing long-term operational support and maintenance services for the reactors, ensuring a continuous relationship with clients.
Oklo Inc Financial Statement Overview
Summary
Oklo Inc. faces critical financial difficulties with no revenue stream and persistent losses. The balance sheet indicates a strong equity position but significant debt, and the cash flow statement reveals negative operating and free cash flows, posing significant risks to the company's financial health and sustainability.Income Statement
Oklo Inc. shows significant financial challenges with no revenue generation and consistent net losses over the years. The company has reported negative EBIT and EBITDA margins, indicating operational inefficiencies and a lack of profitability.5
Very Negative
Balance Sheet
The balance sheet shows a high level of stockholders' equity relative to total assets, indicating a strong equity position. However, the debt is substantial, and the negative equity in previous periods raises concerns about financial stability.35
Negative
Cash Flow
The cash flow statement reveals negative operating and free cash flows, with high volatility in cash flow from financing activities. This poses significant cash management challenges and questions about sustainability without revenue inflows.20
Very Negative
| Breakdown | |||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -62.83K | 0.00 | 0.00 | 0.00 | EBIT |
| -31.24M | -18.64M | -1.81M | -1.18M | EBITDA |
| -25.79M | -18.56M | -10.00M | -5.16M | Net Income Common Stockholders |
| -35.20M | -32.17M | 3.93M | -1.06M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 1.63M | 9.87M | 3.58M | 3.34M | Total Assets |
| 305.62M | 14.88M | 510.14M | 504.72M | Total Debt |
| 46.04M | 46.14M | 304.18K | 494.32K | Net Debt |
| 44.41M | 36.27M | -3.27M | -2.84M | Total Liabilities |
| 10.58M | 49.25M | 19.40M | 17.90M | Stockholders Equity |
| 295.04M | -34.36M | 490.74M | 486.82M |
| Cash Flow | Free Cash Flow | ||
| -7.99M | ― | -1.10M | -1.94M | Operating Cash Flow |
| -11.04M | ― | -954.69K | -1.88M | Investing Cash Flow |
| 24.99M | 224.81M | 1.20M | -500.00M | Financing Cash Flow |
| -216.00M | 16.29K | 9.35M | 505.22M |
Oklo Inc Technical Analysis
Negative
26.37
Price Trends
35.53
Negative
28.92
Negative
19.11
Positive
Market Momentum
-2.28
Negative
42.63
Neutral
60.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OKLO, the sentiment is Negative. The current price of 26.37 is below the 20-day moving average (MA) of 27.94, below the 50-day MA of 35.53, and above the 200-day MA of 19.11, indicating a neutral trend. The MACD of -2.28 indicates Negative momentum. The RSI at 42.63 is Neutral, neither overbought nor oversold. The STOCH value of 60.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OKLO.
Oklo Inc Risk Analysis
Oklo Inc disclosed 57 risk factors in its most recent earnings report. Oklo Inc reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oklo Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.17B | 15.91 | 75.58% | ― | 38.04% | -19.69% | |
74 Outperform | $33.41B | 21.62 | 12.64% | 3.26% | -3.30% | 14.40% | |
67 Neutral | $46.29B | 22.29 | 7.91% | 5.05% | -10.79% | 18.04% | |
64 Neutral | $14.59B | 10.31 | 8.70% | 4.21% | 16.52% | -11.97% | |
46 Neutral | $4.84B | ― | -38.37% | ― | 62.41% | -85.81% | |
43 Neutral | $75.50M | ― | 29.28% | ― | -16.50% | 48.26% | |
35 Underperform | $4.02B | ― | -9.22% | ― | ― | -2833.30% |
* Financial Sector Average
Performance Comparison
OKLO
Oklo Inc
23.82
12.40
108.58%
BW
Babcock & Wilcox Company
0.80
-0.33
-29.20%
D
Dominion Energy
53.86
6.96
14.84%
LEU
Centrus Energy
69.99
28.46
68.53%
WEC
WEC Energy Group
105.80
26.62
33.62%
SMR
NuScale Power
16.10
10.79
203.20%
Oklo Inc Earnings Call Summary
Earnings Call Date: Mar 24, 2025 | % Change Since: -14.69% | Next Earnings Date: May 11, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Oklo Inc.'s strategic partnerships, regulatory advancements, and financial stability, while acknowledging past regulatory setbacks and fuel supply challenges. The company's strong customer demand and technological advancements position it well for future growth.Highlights
Major Partnership Agreements
Oklo Inc. secured significant partnerships, including a 12-gigawatt master power agreement with Switch and a 500-megawatt partnership with Equinix, indicating strong demand for its nuclear solutions.
Regulatory and Technological Advances
Progress on the Aurora Powerhouse project at Idaho National Lab, including key DOE approvals and an environmental compliance permit secured. Oklo Inc. has secured high assay low enriched uranium (HALEU) fuel for its first deployment.
Strategic Acquisitions and Expansions
Completed the acquisition of Atomic Alchemy, expanding into the radioisotope market which is projected to exceed $55 billion by 2026.
Financial Position and Growth
Oklo Inc. reported a cash and marketable securities balance of $275.3 million, driven by proceeds from a business combination, and generated $7.7 million in interest income.
Increased Power Output Capability
Expanded powerhouse offering to support up to 75 megawatts of power output, enhancing flexibility and customer service.
Lowlights
Operating Loss
Reported a full-year operating loss of $52.8 billion, including significant non-cash expenses related to stock-based compensation and earn-out shares.
Regulatory Setbacks
Past regulatory challenges with the NRC, including the rejection of an application due to information gaps.
Fuel Supply Constraints
Challenges in securing long-term HALEU fuel supply, which is critical for future deployments.
Company Guidance
During the call, Oklo Inc. provided guidance that highlighted its strategic advancements and financial outlook for the future. The company emphasized its transformative achievements in 2024, including a significant 12-gigawatt master power agreement with Switch and a 500-megawatt partnership with Equinix. Oklo Inc.'s scalable powerhouse designs can now deliver up to 75 megawatts, optimizing their financial performance and meeting growing energy demands. The company has effectively secured its initial fuel supply for the first core load at Idaho National Lab, with plans to expand access for future deployments. In terms of financials, Oklo Inc. reported a full-year operating loss of $52.8 billion, which included non-cash expenses, while cash used in operating activities was $38.4 million. Looking forward to 2025, they project cash used in operations to be between $65 million and $80 million, driven by headcount increases and procurement activities. The company is well-capitalized, ending the year with $275.3 million in cash and marketable securities.Oklo Inc Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Oklo Inc. Adjusts Executive Compensation Strategy for 2025
Neutral
Dec 27, 2024
Oklo Inc.’s Compensation Committee has approved an increase in annual base salaries for its CEO, Jacob DeWitte, and CFO, R. Craig Bealmear, as well as enhanced annual target bonus opportunities for these executives and COO Caroline Cochran. The changes, effective January 1, 2025, signify a strategic adjustment in executive compensation, potentially impacting the company’s financial planning and stakeholder perception.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.