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Oklo Inc. (OKLO)

Utilities Out of favour

Oklo is a development-stage company aiming to build small, modular nuclear power plants to provide clean energy for data centres and industrial sites.

$38.83

Is Oklo Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Focuses on the high-growth sector of clean, reliable energy. Worth weighing: No current revenue or profit generation. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price+363.4%
= past earnings-report date
Priced in USD - as a UK investor your £ return also moves with the pound-to-dollar exchange rate, on top of the share price itself.
52-week range-33% past year
$38.83
Low $36.61High $193.84
Where today's price sits versus its past year - context, not a signal.
If you had put $1,000 into Oklo Inc.
$4,634+363%

Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Oklo Inc. actually fallen?

−79%

Over the last 2 years of daily prices, Oklo Inc. fell as much as −79% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$6.76B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
11.75M
Day range: The lowest and highest price the shares traded at during the latest day.
$38.83 – $42.48
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$36.61 – $193.84
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.16
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.16
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▼ -33% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Commercial viability proven with multiple signed contracts for energy delivery.

The bear case

Technology fails to gain commercial traction or faces insurmountable safety regulations.

What does Oklo Inc. do?

Oklo is essentially a start-up in the nuclear energy space, working to design and deploy compact reactors that can generate electricity on a smaller scale than traditional power stations. Because they are still in the research and development phase, they aren't yet selling power or making a profit, which is why their financial margins are currently zero. Their progress in securing regulatory approvals and building a first operational reactor is what to keep tracking.

VQGMI
Factor profile

On our factor screen it looks strongest on value and quality, and weakest on momentum.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 85Quality: How profitable and financially healthy the company is (higher = stronger). 31Growth: How fast revenue and earnings are growing (higher = faster). Momentum: How the share price has been trending recently (higher = stronger recent run). 1Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 16
Quick checks
What's strong
  • Value screens high (85/100)
  • Focuses on the high-growth sector of clean, reliable energy.
  • Addresses the massive power needs of modern data centres.
  • Innovative approach to modular nuclear technology.
What to watch
  • Quality screens low (31/100)
  • Momentum screens low (1/100)
  • Income screens low (16/100)
  • Strict and lengthy nuclear safety regulations.
  • Potential for long delays in construction and deployment.

What do Oklo Inc.'s numbers mean?

Forward P/E
-54.4
This negative number reflects that the company is not yet making a profit, meaning the traditional way of measuring value based on earnings doesn't apply here.
Lower than most of the 42 Utilities shares we cover
P/B
3.0
This shows investors are paying three times the value of the company's physical assets, reflecting high expectations for its future technology.
Higher than most of the 42 Utilities shares we cover
Beta
1.2
A beta above 1.0 means the share price tends to be more jumpy and sensitive to wider market movements than the average company.
Market Cap
$7.9B
This is the total price tag the market has put on the company, representing the combined value of all its shares.

How much money does Oklo Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$0$0$1$1Q1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
0.0%
Net margin
0.0%
Return on equity
-8.9%

Does Oklo Inc. pay a dividend?

No - Oklo Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

When does Oklo Inc. report earnings, and how did recent quarters go?

Oklo Inc. is next scheduled to report on about 2026-08-07 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

Oklo Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-03-17$-0.17$-0.27Missed -63%
2025-11-11$-0.13$-0.20Missed -52%
2025-08-11$-0.11$-0.18Missed -70%
2025-05-13$-0.11$-0.07Beat +36%
2025-03-24$-0.07$-0.09Missed -23%
2024-11-14$-0.05$-0.08Missed -60%

Across the last 6 quarters here, Oklo Inc. came in ahead of what analysts expected 1 time. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

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What are the scenarios for Oklo Inc.?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

$186$39$18today · $39▲ Bull · $48• Base · $39▼ Bear · $32in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+15% to +30%Positive news on regulatory milestones or new partnership announcements.
Base
-5% to +5%Continued steady progress on design work without major surprises.
Bear
-10% to -25%Delays in the licensing process or increased cash burn.

What are the pros and cons of Oklo Inc.?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Focuses on the high-growth sector of clean, reliable energy.
  • Addresses the massive power needs of modern data centres.
  • Innovative approach to modular nuclear technology.
The catch3
  • No current revenue or profit generation.
  • High reliance on future regulatory approvals.
  • Significant cash requirements to reach commercialisation.
Key risks3
  • Strict and lengthy nuclear safety regulations.
  • Potential for long delays in construction and deployment.
  • High sensitivity to market sentiment due to the speculative nature of the business.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: low · data: USD · flags: pe, ps, revenue_growth, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.