We recently published 10 Stocks With Massive Losses; AI Firms Not Spared. Oklo Inc. (NYSE:OKLO) is one of the worst performers on Friday.
Shares of Oklo Inc. declined by 5.46 percent on Friday to end at $73.64 apiece as investors resorted to early profit-taking while parking funds to mitigate risks from potential uncertainties that could arise during the long weekend.
Earlier this week, Oklo Inc. (NYSE:OKLO) received a “buy” recommendation and a whopping price target of $92 from Bank of America, given its capability to deliver fully wrapped and bankable power purchase agreements while retaining full independent power producer economics.
BofA said it expects Oklo Inc. (NYSE:OKLO) to achieve 13 percent of unlevered IRR for its first 75 MW projects, while next deployments could hit 26 percent IRRs through supply chain scale and cost efficiencies.
Looking ahead, BofA expects the nuclear firm to deliver 60 percent in EBITDA margins, far beyond the mid-teen levels typical across the sector.
In recent news, Oklo Inc. (NYSE:OKLO) signed a memorandum of understanding with ABB, a global leader in electrification and automation, to commission a digital monitoring room at its headquarters in Santa Clara, California.
The monitoring room, equipped with ABB technology, will anchor Oklo’s operator training and simulation center and reflect continued progress toward fleetwide deployment of its Aurora powerhouses.
While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
