Oklo jumps on reactor manufacturing pact despite wider Q3 loss

Oklo

Yesterday 16:55

** Shares of advanced nuclear technology company Oklo OKLO.K rise 22.3% to $23.51 in morning trading, set to snap seven-day losing streak 
** Co signs manufacturing agreement with US Forged Rings to secure domestic capacity for large reactor components supporting Aurora deployment
** OKLO is developing an Idaho fuel fabrication facility for its first Aurora reactor core and expects first fuel assembly in 2027
** US Forged Rings is building domestic capacity for ultra-heavy steel components 
** CEO Jacob DeWitte says the agreement secures manufacturing capacity for future Aurora deployments
** Q3 revenue was $1.86 mln, compared with no revenue a year earlier
** Reports Q3 loss per share of 22 cents, compared with 20 cents a year earlier
** Average rating of 15 out of 26 analysts is "buy" and above, 10 say "hold", 1 "sell"; their median PT is $59.5, according to data compiled by LSEG
** Including session move, stock has fallen 67.3% YTD

 (Reporting by Anjana J Nair)
 ((AnjanaJayakrishnan.Nair@thomsonreuters.com))