H.C. Wainwright has begun coverage of Oklo (OKLO, Financial), expressing a positive outlook with a "Buy" rating and a price target of $55. As a company specializing in advanced nuclear technology, Oklo is advancing in the fields of fission technology and nuclear fuel recycling solutions.
The firm highlights Oklo's impressive capacity pipeline of roughly 14 gigawatts (GW). A significant portion of this, around 12GW, is secured through a master partnership agreement with data center developer, Switch, which extends until 2044.
H.C. Wainwright views the current market fluctuations as a prime opportunity for long-term investment in Oklo's shares, given the company's substantial project pipeline and strategic partnerships.
