Shares of Oklo Inc. (OKLO) plummeted 5.23% during intraday trading on Tuesday.
The stock decline followed Wolfe Research initiating coverage with a Peer Perform rating, a neutral stance that may have disappointed investors seeking more bullish signals. Additionally, analysts highlighted Amazon-backed X-Energy as a 'frontrunner' in the small modular reactor sector, raising concerns about Oklo's competitive position in the race against peers.