After Skyrocketing More Than 559% Over the Past Year, Can Oklo Stock Continue Powering Higher?

Amid the current renaissance in the nu energy industry, several stocks with exposure to this niche of the energy industry have logged considerable gains recently

And there's plenty of reasons to believe that the stock can continue to rocket even higher as enthusiasm for nu energy increases

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What fueled Oklo's rapid rise over the past year While some growth stocks may log multibagger returns in a single year thanks to merely one catalyst, Oklo's gains stem from several factors

Investors bid the stock higher in late 2024 when the company announced that it had received letters of intent from two data center customers for the deployment of its Aurora powerhouse small modular reactors

The company also announced a nonbinding agreement with Switch -- a company that vides artificial intelligence (AI), cloud, and enterprise data centers -- to deploy 12 gigawatts in Aurora powerhouse jects through 2044

With Sam Altman's OpenAI announcing the Stargate ject in January, investors raced to purchase Oklo, recognizing that the OpenAI plan to develop data center infrastructure could be a potential boon for the company

More recently, the executive orders that President Donald Trump signed in May aimed at reinvigorating the nation's nu energy industry represented another catalyst for the stock

After decades of Washington's disinterest in development of the nu industry, the Trump administration is ly enthusiastic its potential

This nu energy stock can be a powerhouse over the long term For spective investors or current holders, it's reasonable to question whether the stock can continue its meteoric rise

Simply put, the answer is a resounding yes

With the extraordinary computing demands that generative AI is placing on data centers, AI companies are heavily in data center infrastructure

The political goodwill toward the nu industry will also benefit the stock

In early June, for example, Oklo notched another victory when the U

Nu Regulatory Commission agreed to review a report from the company, which could receive regulatory apval for licensing operators for the company's Aurora powerhouse

Oklo's gress with its subsidiary Atomic Alchemy represents another factor that can lift the stock

In June, work began at a planned radioisotopic duction facility in Idaho -- just one of what management expects will be numerous jects that will expand its capabilities in commercial radioisotope duction

While not as widely discussed as data centers and AI, the market for radioisotopic duction is expected to experience notable growth in the coming years

Is Oklo the right stock to charge up your portfolio

Before clicking the buy button on the stock, it's imperative for potential investors to recognize that there are bound to be bumps in the road

Disrupting an industry doesn't come without some volatility, and there's certainly no guarantee that Oklo will sper as management imagines it will

So, only investors comfortable with the inherent risks should consider a position

Those who have the resolve to stick with Oklo through the ups and downs may find themselves looking at a stock that vides a considerable return

Scott Levine has no position in any of the stocks mentioned

The Motley Fool has no position in any of the stocks mentioned

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