Bank of America upgraded Oklo stock to buy based on a power presale agreement with Meta. Oklo surged after Meta’s deal to prepurchase power from unbuilt plants. Analyst Dimple Gosai recommends buying Oklo stock at up to $127 per share, citing a binding agreement to develop a 1.2 GW nuclear campus for Meta’s data centers.

The deal with Meta is seen as a positive sign of execution for Oklo, with 14 GW of nuclear projects in the pipeline. While profits may be years away, investors are looking for evidence of progress. The agreement with Meta could generate $1.3 billion in annual revenue for Oklo by 2030, with full capacity expected by 2034.

Investors should consider the long-term timeline for Oklo’s profitability before buying stock. The Motley Fool Stock Advisor team has identified 10 top stocks for potential growth, excluding Oklo. Historical returns from previous stock picks demonstrate the potential for significant gains over time. Consider joining an investment community for individual investors to stay informed.

Read more at Nasdaq: Why Oklo Stock Popped Wednesday