Jim Cramer Says Oklo (OKLO) Getting "It Right" Might Not Be Enough

We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) came to Jim Cramer’s attention after a Financial Times report claimed that the firm had no revenue, binding contracts, or licenses for power plants. Calling the report “devastating,” Cramer discussed Oklo Inc. (NYSE:OKLO)’s future prospects:

“[On the Financial Times piece] Devastating. Devastating. Why? Because it basically says it’s a seven billion dollar nuclear stock without any revenue and I think it is being, Sam Altman’s involved, he’s a backer. And the President likes it.

“Now what do I think? I think that it’s entirely possible where they can have something going, non-commercially in like six, seven years. But this thing just went up, if you put it up, 500%, it’s about you know 13% shorted, went on the backs of the shorts, I just think that even if they get it right okay, it is still going to be, not, and this is the term that people have to understand, it’s not scale okay. Let’s say they get it in 2030, let’s give them every single break, the NRC and all that, it’s not scale, David. And GE Vernova makes scale. So I would say, let’s give them the benefit of. the doubt that they can get all the permitting, and start building. But it can’t be scale, and what you need if you’re nuclear power is scale. Like Diablo Canyon.

“I think you sell all these stocks. I think they all should be sold. I think that they’re meme stocks. . .meme stock, ETF, I would sell it. You trim, trim, trim. . .let’s stop, there are plenty of great companies to invest in. These things, many of these are junk. . .”

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