Jim Cramer on Oklo: "I've Been Hounding You to Sell for 40 Points Now"

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed. Cramer mentioned the stock during the episode, as he said:

“Take Oklo, which I’ve been hounding you to sell for 40 points now. Oklo’s about fission reactors that could run on nuclear waste. The problem, the company hasn’t actually developed any nuclear reactors. They’ve broken ground on one site. But this is a nearly $13 billion company with a stock that’s up 288% year to date. Okay, people, that’s absurd. I’m sure the jokers who own the stock will pull it tomorrow morning because they’re worried about what I just said. They don’t want me to put the wood to it. I think your best opportunity comes between 10:30 and 11:30 AM because they are shameless.”

Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver scalable clean energy and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel. During the December 12 episode, an investing club member inquired about the stock, and Cramer replied:

“Okay, if I say Oklo’s a sell, tomorrow they’ll put out some release, I mean, Monday, they’ll put out some release that juices the stock. They seem to juice the stock every time I urge people to… try to keep a level head about Oklo. I would sell Oklo. I just would sell everything nuclear except for GEV. The revolution is not going to happen, nuclear in this country, as much as I’ve been calling for it for 25 years.”

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