"Great Opportunity To Sell," Says Jim Cramer About Oklo (OKLO)

We recently published 11 Stocks on Jim Cramer’s Radar. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) reported its earnings for the third quarter yesterday. The results saw the firm report no revenue and a $29.7 million loss that was far steeper than the $18.2 million loss that analysts had pencilled in. Cramer’s co-host Carl Quintanilla outlined that the narrative around the quarter was still constructive after the report. As part of the release, Oklo Inc. (NYSE:OKLO) also outlined that it had received DOE approval for a project in Idaho, and its prototype production reactor should become functional by 2026. Cramer discussed Oklo Inc. (NYSE:OKLO) before and after the earnings:

“It does say that, when Oklo reports, and they report a not great number. You shouldn’t embrace it, just because it’s nuclear. I’ll take Mike Worth and Chevron and natural gas as a power for data centers. “[After the earnings were released and 20 cent loss was wider than expected with the narrative around the quarter being constructive] Well, great opportunity to sell, that’s fantastic, I’m glad they said positive things, that’s nice. . .nuclear, we still haven’t seen, there’s a lot of big hat no cattle when it comes to nuke.”

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