On June 11, Oklo Inc. rose 5.03% in regular trading, trading at $56.73/share, with turnover of $313 million. The rally was driven by the U.S. Department of Energy's Idaho Operations Office formally approving the preliminary documented safety analysis (PDSA) for Oklo's Aurora powerhouse at Idaho National Laboratory under the Reactor Pilot Program.

The PDSA covers the project's hazard analysis, accident analysis, safety controls, and design commitments. This approval marks a critical milestone in the regulatory process for the advanced fission power plant, clearing a major hurdle and laying the groundwork for subsequent construction permits and deeper safety evaluations.

The positive regulatory development comes alongside recent strategic progress, including Oklo's June 4 completion of its acquisition of precision manufacturing firm ARMEC to bolster vertical integration. Wedbush Securities reiterated its outperform rating and $110 price target, citing enhanced supply chain integration and margin support. Analysts polled by FactSet assign an average overweight rating with a mean price target of $88.26, though UBS recently trimmed its target to $55 while maintaining a neutral stance.

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