Jim Cramer Highlights Gains in Oklo and Support for Nuclear Energy

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer offered insights on. Cramer highlighted that investors often fail to adjust when markets defy expectations, pointing toward the stock’s rally. He said:

“See, people see things that ordinarily would signal that stocks are ready to peak, but then it doesn’t happen, and they don’t adjust their expectations. They double down on their negativity. So we watch Oklo up another 29% day, this is one that were up a hundred since I said just go buy it because the government favors nuclear for the umpteenth time. We look at the quantum computing stocks, you know, I think you have to buy those too.”

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to deliver clean and reliable energy. In addition, the company commercializes nuclear fuel recycling technology that transforms waste into usable reactor fuel. Cramer mentioned the stock in the September 18 episode. He commented:

“What [are] examples of what speculation means?… Second kind of speculation, thesis stocks. Case in point, America’s short on power. We need every kind of energy… We need nuclear? That’s Oklo.”

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Disclosure: None. This article is originally published at Insider Monkey.