.September 19, 2024 03:20:00 AM

B.Riley analysts initiated coverage on Oklo (NYSE:OKLO) with a Buy rating and a price target of $10 on the stock. They are optimistic about Oklo’s advanced nuclear technology, which offers reliable, carbon-free power with favorable economics. Oklo’s owner-operator model sets it apart in the industry, allowing direct power sales to customers through long-term contracts. This approach provides operational and regulatory advantages, potentially shortening approval timelines and lowering costs compared to traditional nuclear developers. The company’s customer base has seen significant growth, with its pipeline nearly doubling from 700 MW to 1,350 MW, supporting the Buy rating.