Oklo Breaking Ground in Idaho Leading Into Earnings (NYSE: OKLO)

Oklo's stock (NYSE: OKLO) has emerged as one of the most closely watched, and volatile, in the alternative energy sector, reflecting both the promise and the pitfalls of next-generation nuclear technology. With the latest set of earnings coming after today's closing bell, we take a closer look at both the stock, and what markets are expecting from Oklo.

The stock's trajectory has been anything but linear. On a YTD basis, shares have surged 32%, buoyed by investor optimism around advanced nuclear technology and the company’s aggressive push into 24/7 clean energy solutions for data centers, industrial sites, and defense facilities. On a 12 month basis the bullish trend remains in tact, with the stock up an impressive 195.29%.

Volatility is clearly apparent in the 1 year chart below, with the current share price of $28.55 remaining more than 50% below the high of $59.14 set just 3 months ago.

With the company in the pre-revenue phase, earnings center around EPS numbers, and the company messaging on outlook. For today's print, the consensus is for Oklo to come in with a negative $0.10 EPS, a marginally higher loss than the previous quarter (-$0.09).

Despite losses, Oklo’s market cap stands at $4.02B, buoyed by its pipeline of 14 GW in customer demand. Markets will no doubt scrutinize the earnings call for updates on the Switch partnership and licensing progress with the U.S. Nuclear Regulatory Commission (NRC).

Technical indicators paint a mixed picture. The current price sits above the 50-day simple moving average (SMA) of $25.13, and the 200-day SMA at $21.40, signaling near-term bullishness.

Recent News Causes Rapidly Shifting Sentiment

Oklo announced today the completion of borehole drilling for site characterization work at the Idaho National Laboratory site for its first Aurora Powerhouse. The company indicated this to be a significant step forward in the development and future construction of the facility.

On April 22, 2025, Oklo announced that Sam Altman, CEO of OpenAI and a pivotal figure in Oklo’s early growth, would step down as Chairman of the Board. Altman’s dual roles at Oklo and OpenAI had created potential conflicts of interest, particularly as Oklo sought partnerships with AI companies to power data centers. His departure triggered an immediate 11.8% stock decline, reflecting investor concerns about leadership stability.

However, analysts quickly reframed the move as a strategic opportunity. B. Riley Securities and HC Wainwright upgraded Oklo to “Buy,” citing newfound flexibility to collaborate with AI firms like OpenAI without conflicts. By April 23, shares rebounded 7.5%, underscoring market confidence in CEO Jacob DeWitte’s leadership and Oklo’s vision.

Oklo Inc. offers a compelling, if speculative, bet on the future of clean energy and digital infrastructure. The next chapter hinges on regulatory progress, execution of key partnerships, and the company’s ability to transition from promise to profitability. The upcoming earnings call will be a critical inflection point for investors weighing the risks and rewards of this ambitious nuclear innovator.