Canaccord Genuity Initiates Oklo Inc (OKLO) With a Buy Rating

​Oklo Inc. (NYSE:OKLO) is one of the Hottest Large-Cap Stocks to Buy Now. On October 9, George Gianarikas from Canaccord Genuity initiated Oklo Inc. (NYSE:OKLO) with a Buy rating and a price target of $175.

​The analyst noted that they see the company as a potential leader of the new nuclear age. He added that during the nuclear age, the nuclear assets are expected to grow in volume and will form a substantial percentage of the global energy mix.

​The analyst also likes the financial approach of Oklo Inc. (NYSE:OKLO), noting that the company’s reactor buildout is expected to be primarily financed through debt and would be supported by investment tax credits. Gianarikas believes that this approach has the potential to strengthen long-term returns on capital with a minimum requirement of additional equity.

​Regarding the price target, the firm based its target on a discounted cash flow model that extends to 2050. The firm sees the company as an emerging “vertically integrated, global distributed nuclear energy utility” that will help the world meet growing demand for clean energy.

​Oklo Inc. (NYSE:OKLO) is a nuclear technology company that develops advanced fast fission nuclear power plants, which deliver clean, reliable, and affordable energy.

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