Oklo (OKLO) Drops 11% Ahead of Q3 Earnings

We recently published 10 Stocks Lead Wall Street Downward Spiral. Oklo Inc. (NYSE:OKLO) is one of the worst-performing stocks on Tuesday.

Oklo Inc. extended its losing streak to a fourth straight day on Tuesday, slashing 11.40 percent to close at $112.23 apiece, as investors unloaded portfolios ahead of the results of its earnings performance.

In a notice to its investors, Oklo Inc. (NYSE:OKLO) said it would release the results of its financial and operating performance after market close next Tuesday, November 11. An investor call will be held to discuss further details.

In recent news, Oklo Inc. (NYSE:OKLO) clinched a strategic partnership with Newcleo and Blykalla for the development of advanced fuel fabrication and manufacturing infrastructure in the United States.

According to the company, Newcleo would invest up to $2 billion in the project, while Blykalla would co-invest and procure fuel-related services for the same projects.

“By channeling large-scale transatlantic investments into the American advanced nuclear industry, the partnership exemplifies Newcleo’s and Blykalla’s interest in the US market and supports the domestic expansion of Oklo’s fuel and fast-reactor technologies. Partnerships like this show how allied collaboration can strengthen energy innovation, leadership, and dominance in the United States,” Oklo Inc. (NYSE:OKLO) said.

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