We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Liberty Energy Inc. (NYSE:LBRT) is one of the biggest performers on Wednesday.
Liberty Energy soared by 17.78 percent on Wednesday to close at $13.25 apiece as investors took heart from its newly clinched partnership with Oklo Inc. (NYSE:OKLO) to support energy development and strong demand in the US.
In a joint statement, Liberty Energy Inc. (NYSE:LBRT) said it partnered with Oklo to accelerate integrated power solutions for large-scale, high-demand customers, including data centers, industrial facilities, and utility-scale sites.
Under the agreement, Liberty Energy Inc.’s (NYSE:LBRT) natural gas power generation and load management solution will provide initial reliable primary power and flexible energy services, along with future grid management services focused on optimization and resiliency. As Oklo’s Aurora powerhouses come online, they will be integrated to provide clean, continuous baseload energy, complementing its partner’s natural gas power.
“Our strategic alliance with Oklo advances a power strategy aimed at accelerating deployment for sophisticated, large load customers. This innovative approach redefines how today’s most energy-intensive industries can scale efficiently with cost-effective, next-generation power solutions, combining rapid deployment, intelligent load management, and integrated grid management,” said Liberty Energy Inc. (NYSE:LBRT) CEO Ron Gusek.
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