Oklo rises; BofA says Meta deal signals 'meaningful step forward'

Oklo

21/01/2026 16:19

** Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N rise 3.5% to $93.06

** BofA Securities upgrades stock rating to "buy" from "neutral", following company's agreement with Meta to develop a phased ~1.2 GW advanced nuclear campus

** Meta META.O has already pre paid $25 million to Oklo for phase 1 - brokerage

** This moves Oklo from a "conceptual" company to one with an "actively financed" development pipeline - brokerage

** BofA also raises PT on stock to $127 from $111

** Separately, U.S. President Donald Trump at Davos says, "We are very much into the world of nuclear energy"

** 13 of 19 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT is $124.50 - data compiled by LSEG

** OKLO shares more than tripled in 2025

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))