Oklo Inc. (OKLO) experienced a significant intraday decline of 6.40% on Wednesday, reflecting negative investor sentiment following its latest financial results.

The selloff was primarily driven by the company's first-quarter fiscal 2026 earnings release, which revealed a widening net loss. Oklo reported a loss per share of $0.19, significantly wider than the loss of $0.07 in the year-ago period, highlighting ongoing challenges as the company remains in a pre-revenue stage with sluggish commercial progress on its Aurora small modular reactor technology.

Sentiment was further dampened by JPMorgan initiating coverage on the stock with a Neutral rating and an $83 price target just prior to the earnings release. The broader Electric Utilities sector also traded lower during the session, contributing to the downward pressure on Oklo's shares.