On June 2, Oklo Inc. rose 5.32% in regular trading, trading at $70.82/share, with trading volume of approximately $390 million.

The continued upside is driven by the sustained catalyst from Oklo's recent selection by the U.S. Department of Energy to participate in advanced negotiations under the Surplus Plutonium Utilization Program. The program aims to convert approximately 20 metric tons of Cold War-era surplus plutonium into fuel for advanced nuclear reactors under strict U.S. security and safeguards requirements.

Oklo will lead the plutonium utilization efforts in partnership with European advanced reactor developer newcleo, which is expected to contribute fuel technology expertise and potential project capital of up to $2 billion through a dedicated investment vehicle. Wedbush Securities has maintained an outperform rating on Oklo with a $110 price target, noting that fuel supply remains one of the biggest bottlenecks for advanced reactor deployment, and conversion of surplus plutonium into fuel could help de-risk fuel availability if definitive agreements are reached.

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