Jim Cramer Says "I Think Oklo is a Great Concept"

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently commented on. Cramer weighed in on the stock’s rally and its reversal, as he commented:

“OKLO, another nuclear stock that I’ve been recommending. It’s up 518% for the year. When OKLO was in the 30s, I said that one good, one good headline could propel the stock to the stratosphere. Now, it’s in the 130s. Sure enough, we got that whole slew of headlines about a $1.68 billion facility in Tennessee, where Oklo will be recycling nuclear waste and fuel for its advanced reactors. The stock went to a high of 144 today before reversing hard, finishing at 131. I think Oklo is a great concept, and I say concept because it has no revenues, but I think with Oklo, here we go, okay, am I clear? We got good news today, and the stock couldn’t maintain its momentum. That’s a bad sign. The intraday reversal, suboptimal.”

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to deliver scalable clean energy and commercializes nuclear fuel recycling technology that transforms waste into usable reactor fuel.

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