Oklo Stock: Meta Deal Sends Nuclear Company Shares Higher – Time To Buy?

TLDR

• Oklo stock jumped 8% on Friday after announcing an energy supply deal with Meta Platforms to power AI data centers
• Meta will prepay for energy from Oklo’s 1.2-gigawatt power project in Pike County, Ohio, helping fund development
• The first phase of the multi-year Ohio project is expected to come online by 2030
• Oklo stock has surged 260% year over year but trades at a $15 billion market cap with zero current revenue
• The company still needs Nuclear Regulatory Commission design approval and hasn’t built a full-scale reactor yet

Oklo stock closed up nearly 8% on Friday after the nuclear technology company announced a prepayment deal with Meta Platforms. The agreement funds Oklo’s 1.2-gigawatt power project in Pike County, Ohio.

Oklo Inc., OKLO

Meta will prepay for electricity to supply its AI data centers in the area. The funding helps Oklo obtain nuclear fuel and advance Phase 1 development on 206 acres of land purchased from the Department of Energy.

Oklo plans to begin site suitability studies and pre-construction activities this year. The company expects the first phase to come online by 2030.

The AI Energy Problem

AI companies have turned to various power sources to meet surging energy demands. Nuclear power offers cleaner and potentially more affordable low-carbon energy compared to gas-fired plants.

Meta’s deal shows how tech giants are securing future energy supplies. Oklo designs nuclear facilities to provide clean, reliable energy at scale for AI operations.

The stock had risen as much as 18.6% earlier in the trading session before settling at an 8% gain. This continues Oklo’s strong momentum into 2026.

Valuation Questions Remain

Oklo stock has surged 260% year over year. As of January 8, shares were up almost 30% year to date.

The company carries a market cap of about $15 billion. It generates no revenue today.

Oklo is developing small fast-spectrum reactors with fuel recycling capabilities. The company plans to own and operate these powerhouses, selling electricity under long-term power purchase agreements.

Oklo recently signed an agreement with the Department of Energy to support a radioisotope pilot facility through its Atomic Alchemy subsidiary. Even with this expansion, significant sales could take several years.

The company hasn’t secured a design license from the Nuclear Regulatory Commission yet. Oklo also hasn’t built or operated a full-scale Aurora powerhouse.

Risk exists that reactors won’t perform as expected in real-world conditions. The NRC approval process continues, but nothing is guaranteed.

Revenue estimates remain uncertain given the early stage of operations. For near-term investors, upside could be limited by unproven fundamentals.

Long-term investors willing to wait five or 10 years might see different results. If Oklo gets NRC approval and successfully builds reactors, the upside potential could be large.

The Meta deal represents concrete progress toward commercialization. Major tech companies betting on Oklo’s technology validates the business model to some degree.

Oklo shares traded between $104.03 and $115.72 on Friday with volume of 40,000 shares. The 52-week range stands at $17.42 to $193.84.

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