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Why Oklo Stock Was Ticking Higher Today

TheMotleyFool

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Why Oklo Stock Was Ticking Higher Today: https://g.foolcdn.com/editorial/images/849905/graphic-depicting-nuclear-power.jpg

News of a contract with a federal government agency was the inspiration for 's (NYSE: OKLO) stock price rise on Wednesday. The next-generation nuclear power company's shares were cruising more than 3% higher in late-session trading that day.

Just before market open, Oklo announced it has signed a contract with the Department of Energy (DOE) to support the design and construction of a radioisotope pilot facility. The company did not mention where the plant will be located.

Image source: Getty Images.

Source Fool.com