Why Oklo Stock Is Up 21.8% Today

Oklo (OKLO +21.61%) stock is jumping, up 21.8% as of 1:08 p.m. ET on Friday, Nov. 6, after the company posted better-than-expected earnings before the bell today.

The S&P 500 (^GSPC +0.46%) and the Nasdaq Composite (^IXIC +1.05%) are up 0.6% and 1.1%, respectively.

$23.35+$4.15 (+21.61%)

NYSE · As of 1:03 PM ET 11/06/26

Oklo earnings: $0.22 loss per share, little revenue

This morning, the nuclear company Oklo — which is developing small modular reactors (SMRs) — reported its latest quarterly earnings, revealing a loss of $0.22 per share. Wall Street was expecting a $0.27 loss per share. The company is still in R&D mode and is basically pre-revenue.

Rival NuScale (SMR +13.16%) posted its own better-than-expected loss after yesterday’s close, helping to lift SMR stocks across the board.

Oklo stock: cash, dilution risk, and plant timeline

Oklo had $3.13 billion in cash and short-term investments as of the end of its recent quarter. Most of that came from stock sales totaling $2.3 billion. Investors should expect more dilutive stock sales in the future — there’s a long way to go yet before Oklo has a working commercial product.

Image source: Getty Images.

Still, construction has begun at its first plant in Idaho, which has a preliminary safety approval from the Energy Department. The company expects the plant to come online by 2029 at the latest.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.