Oklo Inc. (OKLO) shares are soaring 5.11% in pre-market trading on Wednesday, following a series of positive developments for the advanced nuclear technology company. The stock's surge comes on the heels of an analyst upgrade and the company's support for new White House initiatives aimed at advancing U.S. nuclear energy leadership.

William Blair analyst Jed Dorsheimer initiated coverage of Oklo with an Outperform rating, citing the company's innovative small modular reactor (SMR) strategy and a favorable regulatory environment. This positive assessment has sparked investor interest in the stock, which has already seen substantial gains year-to-date.

Adding to the bullish sentiment, Oklo announced its support for a series of executive orders issued by the White House, focusing on accelerating the approval and adoption of advanced nuclear technologies. The company, which is developing fast fission power plants capable of recycling used nuclear material, stands to benefit significantly from these initiatives. As the only advanced nuclear developer with an active site permit from the Department of Energy, Oklo is well-positioned to capitalize on the growing demand for clean, firm power sources.

The stock's rise also reflects broader industry trends, including increasing interest in nuclear energy to power the expanding needs of quantum computing and data centers. With major tech giants signing multibillion-dollar agreements to secure nuclear energy for next-generation workloads, Oklo's innovative approach to nuclear power generation is attracting attention from both investors and industry players alike.