Oklo Stock Hit A New 52-Week High Today: What's Going On?

Shares of nuclear energy company Oklo Inc (NYSE:OKLO) are trading higher Monday afternoon, recovering off session lows. Wedbush earlier raised their outlook on the stock.

What To Know: Wedbush analyst Daniel Ives has boosted the firm’s 12-month price target on Oklo to $150 from a previous $80, while maintaining an Outperform rating. The analyst, cited “incremental confidence in the company’s nuclear growth strategy as the AI Revolution hits its next stride of growth”.

Wedbush sees a major push for nuclear energy in the U.S. as a significant tailwind, highlighting a Trump Administration Executive Order from April that benefits the sector. Oklo is positioned as a “core 2nd/3rd derivative” on the firm’s AI thesis and is expected to be a main beneficiary of increased government support and spending.

The analyst note also pointed to Oklo’s strategic initiatives, including plans for a $1.68 billion nuclear fuel recycling facility in Tennessee and potential expansion into the United Kingdom to meet rising energy demands from data centers.

Technical Momentum: OKLO stock is significantly above its 50-day ($75.27), 100-day ($61.05) and 200-day ($45.08) moving averages, suggesting a strong uptrend over the medium to long term. Immediate support can be identified around the recent low of $123.72, while resistance appears near the 52-week high of $138.52.

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How To Buy OKLO Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Oklo’s case, it is in the Utilities sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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