Why Oklo Stock Just Popped
Oklo (NYSE: OKLO) stock soared 7.5% through 10:45 a.m. ET Tuesday morning after announcing the U.S. Department of Energy (DOE) has chosen it -- and four other nuclear power companies -- to negotiate for the right to participate in the Department's Surplus Plutonium Utilization Program.
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Most nuclear reactors run on uranium fuel, which, as it decays, can transform into plutonium-239 (which fissions to produce heat), unless it absorbs another neutron to form plutonium-240 (which doesn't fission as easily) or another neutron to form plutonium-241 (which does)! The even-numbered isotopes that don't decay as easily accumulate over time, and can eventually end up as "spent" nuclear fuel, but even this fuel can be recycled into something a nuclear fast reactor can use as fuel.
Source Fool.com
