Nuclear tech co Oklo falls after $1 bln stock sale unveiled

Oklo

14/05/2026 13:04

** Shares of Sam Altman-backed nuclear technology co Oklo OKLO.N down 3.2% to $67.42 premarket as it looks to raise equity

** OKLO late Weds announced up to $1 bln ATM (at the market) stock offering with Goldman Sachs, BofA, Citigroup, J.P. Morgan, Morgan Stanley, Barclays, Cantor Fitzgerald, Guggenheim, Canaccord and William Blair as sales agents

** Co intends to use net offering proceeds from any sales for general corp purposes, working capital and capex, and potential future investments, per the prospectus

** Santa Clara, California-based OKLO has ~173.99 mln shares outstanding for $12 bln market cap

** Through Weds close, stock up 40% QTD leaving it down 3% YTD

** Of 22 analysts covering OKLO, 15 rate the stock "strong buy" or "buy", 6 "hold" and 1 "sell"; median PT $92, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))