Oklo’s Stock Price (OKLO) Soars on Vertiv Partnership, Analyst Raises Target

Oklo's stock (OKLO) is on the move again today, up 11.6%, having hit $70 in the session, following the announcement of a strategic collaboration with Vertiv Holdings (VRT) to develop advanced power and thermal management solutions for data centers, powered by Oklo's advanced nuclear reactors.

The deal underscores growing investor confidence in Oklo's potential to disrupt the energy-intensive data center market, and has seen bulls pile on.

OKLO's stock price is currently trading at $68.45, up 213% since the start of the year.

The collaboration focuses on co-developing power and cooling solutions tailored for hyperscale and colocation data centers. Oklo's Aurora powerhouse, utilizing advanced nuclear technology, will provide both steam and electricity to Vertiv's thermal management systems. A pilot technology demonstration is planned for the initial Aurora site.

Jacob DeWitte, Co-Founder and CEO of Oklo, emphasized the strategic importance of the agreement, stating, “This agreement is about delivering clean power, energy-efficient cooling, and infrastructure solutions purpose-built for AI factories, data centers, and high-density compute.”

Vertiv, a key supplier of data center infrastructure, stands to benefit from access to a reliable and nearly carbon-free energy source. The partnership aligns with the increasing demand for sustainable solutions in the face of the escalating energy needs of AI and cloud computing.

Looking to the street, Citi raised its price target on Oklo today to $68 from $30, maintaining a Neutral rating. The firm views Oklo's larger reactor design as a positive factor, but believes the current share price already reflects the company's potential.