Shares of Oklo Inc. (NYSE: OKLO) have soared 137% over the past month, gaining traction as a strong bet on nuclear energy’s role in powering AI-driven infrastructure.
The rally comes amid a broader shift toward advanced nuclear technology, with Oklo emerging as a key player, largely due to its ties to OpenAI CEO Sam Altman, who serves as the company’s chairman.
The stock continued its upward momentum, gaining 8.5% on February 12 to close at $54.38, extending its remarkable 411% rise over the past year. The rally follows a brief sell-off in late January when Oklo shares dipped before rebounding sharply.
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Investors have since piled back in, fueled by favorable energy policies, key partnerships, and bullish analyst endorsements, strengthening confidence in Oklo’s long-term potential.
What’s driving Oklo’s rally in 2025?
One of the biggest catalysts behind its recent rally has been Project Stargate, aimed at investing $500 billion in artificial intelligence (AI) development over several years, with an initial $100 billion commitment.
While Oklo’s small modular reactor (SMR) technology is still in development, nuclear power is increasingly viewed as a sustainable and scalable energy source for AI-driven industries. OpenAI’s $19 billion commitment to the Stargate joint venture has further boosted investor optimism around the stock.
Another major driver of Oklo’s surge has been the U.S. government’s shift toward energy expansion over net-zero goals. The appointment of Energy Secretary Chris Wright, a former Oklo board member, has also added to investor confidence.
Key partnerships fueling Oklo’s growth
Beyond speculation, Oklo has been actively expanding its footprint through key industry partnerships. In January, the company signed an agreement with RPower to accelerate power availability for data centers, aligning with growing demand from big tech companies for sustainable AI-driven operations.
The company also signed a Memorandum of Understanding with Lightbridge Corporation (NASDAQ: LTBR) to explore collaboration in recycling nuclear waste, which could potentially enhance its appeal to government agencies and institutional investors looking for long-term energy solutions.
Wall Street analysts remain bullish on Oklo
Wall Street analysts have also taken note of Oklo’s momentum, with Craig-Hallum and Wedbush raising their price targets on the stock.
Craig-Hallum initiated coverage with a ‘Buy’ rating and a $44 price target, citing Oklo’s leadership in advanced modular reactors and its unique build-own-operate model, which could accelerate adoption and regulatory approvals. The firm sees a path to $80 and above as Oklo expands in the zero-emission baseload power market.
Meanwhile, Wedbush analyst Daniel Ives raised Oklo’s price target to $45 from $26, maintaining an ‘Outperform’ rating. The firm believes Project Stargate is just the beginning of a broader AI infrastructure expansion, with nuclear energy playing a key role in powering data centers under the Trump administration’s pro-energy policies.
With the stock now surging above analysts’ projections, the company continues to capitalize on favorable policies, key partnerships, and soaring AI-driven demand, making it one of the most closely watched nuclear energy stocks of 2025.
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