May. 22 at 12:01 PM
$OKLO
BofA initiated coverage on Oklo with a buy rating and set a price target of
$80.00.
The firm highlighted Oklo’s vertically integrated build-own-operate model as a differentiator in the small modular reactor sector. The company owns its reactors and pursues long-term customer contracts focused on energy-intensive customers requiring behind-the-meter power, including datacenters, industrial users, and defense industries.
BofA noted that Oklo has secured a binding power agreement of approximately 1.2 gigawatts with Meta. The company has also accumulated a pipeline exceeding 14 gigawatts under non-binding customer letters.
The analyst firm described Oklo’s pipeline as one of the largest in the small modular reactor sector. BofA Securities stated the pipeline serves as an indicator of demand for the reactors.
The company’s demonstration reactor progress and hyperscaler agreements as factors supporting its position in the market. Analyst Rinmy Singh authored the coverage initiation.
$OKLL
