Oklo Inc. (OKLO) shares plummeted 5.01% during intraday trading on Wednesday, as the nuclear start-up faced significant selling pressure following its latest financial results.

The sharp decline came after Oklo reported fourth-quarter earnings that missed analyst expectations, with a loss of 27 cents per share compared to estimates for a loss of 16 cents per share. The company's net loss widened from the previous year, and it projected substantial cash usage for operations and investments in 2026.

Multiple Wall Street firms responded to the earnings report by significantly lowering their price targets on Oklo shares. Goldman Sachs cut its target to $65 from $91, Needham reduced its target to $73 from $135, Canaccord lowered its target to $125 from $175, and Citigroup trimmed its target to $73.50 from $95. While many analysts maintained their ratings, the substantial reductions in price targets reflected concerns about the company's path to profitability and increased capital expenditure expectations.