Why Oklo Stock Rocketed Almost 30% Higher Today
On news of a fresh contract signing with a branch of the U.S. military, investors piled into the stock of nuclear energy start-up (NYSE: OKLO) on Wednesday. That surge in interest blasted the stock higher by almost 30%, on a day when the S 500 index dipped by 0.3%.
Wednesday morning Oklo announced, no doubt with great pleasure, that it had received a notice of intent to award (NOITA) for a project in Alaska. The company was notified by the government's Defense Logistics Agency on behalf of the Air Force and the Department of Defense. The project is for the supply of nuclear power to Eielson Air Force Base in Alaska.
Image source: Getty Images.
Source Fool.com
