On May 26, Oklo Inc. rose 9.29% in regular trading, trading at approximately $70.84 USD/share, with trading volume of $286 million.

On the news front, the U.S. Department of Energy selected Oklo alongside four other nuclear companies for advanced negotiations under the surplus plutonium utilization program. The program aims to make Cold War-era surplus plutonium available to industry participants and allow its conversion into fuel for nuclear reactors.

Oklo stated that the selection supports its multi-fuel strategy, which includes several pathways to source fuel for reactor deployment as the company scales domestic uranium enrichment and fuel infrastructure projects. The company is currently in its execution phase, advancing power generation, nuclear fuel, and isotope businesses. However, Oklo remains pre-revenue, reporting a net loss of $33.1 million in Q1 with operating losses reaching $51.2 million.

Within the Electric Utilities sector, Constellation Energy Corp rose 3.13%, while NextEra fell 0.06%, American Electric Power rose 0.11%, Exelon fell 0.13%, and Southern fell 0.16%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)