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Why Did Oklo Stock Pop Today?

TheMotleyFool

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Why Did Oklo Stock Pop Today?: https://g.foolcdn.com/editorial/images/837416/oklo.jpg

Shares of (NYSE: OKLO) climbed on Friday, finishing the day up 6.5% even as the S 500 and the Nasdaq Composite lost significant ground.

Investment bank Canaccord Genuity initiated coverage of Oklo on Tuesday with a buy rating. The stock is still seeing momentum as the coverage follows on the heels of the nuclear energy company's recent selection for a new Department of Energy (DOE) pilot program.

Canaccord initiated coverage of Oklo stock earlier this week. The bank gave it a buy rating and set a price target of $175, which still represents a significant upside from Oklo's current level, even after the stock gained in the days since.

Source Fool.com