Oklo down after BofA downgrades rating to 'neutral'

Oklo

30/09/2025 15:01

Updates

** BofA Global Research downgrades rating to "neutral" from "buy"; raises PT to $117 from $92

** Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N down ~3% at $113.23

** Brokerage views current deployment ramps and discount rates as unrealistic at this stage of small modular reactor adoption

** "Current valuations leave little room for error and the near-term risk/reward skews negative"- brokerage

** Separately, company says the U.S. Nuclear Regulatory Commission has accepted for review its principal design criteria topical report under an accelerated timeline

** Report establishes regulatory framework that defines the fundamental safety, reliability, and performance requirements to guide future reactor licensing

** Including session's moves, stock up ~436% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))