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Why Oklo Stock Is Soaring This Week

TheMotleyFool

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Why Oklo Stock Is Soaring This Week: https://g.foolcdn.com/editorial/images/818504/oklo.jpg

Shares of (NYSE: OKLO) are flying this week. Since trading halted last Friday, the nuclear power start-up's stock has surged 28.2% as of 2:33 p.m. ET. The impressive jump comes as the S 500 and Nasdaq-100 both had monster weeks, rising 4.3% and 6.2%, respectively.

The company, which develops small modular reactors (SMRs), released better-than-expected first-quarter results this week as well as announcing it had hired a new key executive.

Oklo reported a Q1 2025 loss of $0.07 per share, handily beating Wall Street's target of $0.10 per share. It's also a massive year-over-year improvement from the $4.79 per share loss it reported in Q1 2024.

Source Fool.com