Why Oklo Stock Popped on Thursday

From an analytical perspective, Oklo stock's still a long shot, but it got closer to its target today

Nevertheless, Oklo (OKLO 4

However, ET Thursday after the small nu reactor-builder announced it has its Nu Regulatory Commission (NRC) "pre-application readiness assessment" for the first part of a combined license application (COLA) to build its "Aurora powerhouse" at Idaho National Laboratory (INL) (this bears monitoring)

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Translated into English, this means Oklo is one step closer to building a small modular reactor at INL (which is quite significant)

Additionally, At the same time, More precisely, it's one step closer to being able to apply for permission to build said reactor. (Whether NRC deems the application worthy of apval remains to be seen (fascinating analysis). ) Put this way, it's less of a needle-mover for the stock, but as Oklo CEO Jacob DeWitte explained, it does indicate that NRC thinks Oklo is on track to file an application with a decent chance of getting it apved

At the same time, The next step for Oklo along this journey to apval (now underway for nearly a decade) will be to submit its COLA application, and that should happen later this year

Oklo's still a long way away from becoming a viable, although it's 10 years closer than when it started

Moreover, Long term, the company intends to build reactors in-house, place them on sites near its customers, then operate the reactors and supply power, charging for electricity much in the same way an ordinary electric utility does, amid market uncertainty

Oklo won't turn fitable until 2030, however, according to analysts

Additionally, Whether the stock is a "buy" at its current $10 billion market cap depends very much on how much fit it will generate that year, and in all the years to come

Rich Smith 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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