Oklo Inc. (NYSE:OKLO) shares are up during Thursday’s session following an agreement with Nvidia Corporation (NASDAQ:NVDA) and Los Alamos National Laboratory to advance nuclear fuel validation.

This collaboration aims to enhance critical nuclear infrastructure, which has contributed to the stock’s positive movement as investors react to the potential for innovative developments in nuclear technology, particularly in support of the federal government’s Genesis Mission.

Oklo also gains attention as HSBC initiates coverage with a Buy rating. The firm also set a $96 price forecast.

Oklo (OKLO) Partners With NVIDIA And Los Alamos Lab

The partnership focuses on integrating advanced nuclear reactors and AI technologies to support nuclear fuel research and development.

This initiative is expected to bolster Oklo’s efforts in deploying its Pluto reactor, which is part of the Department of Energy’s Reactor Pilot Program.

“This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise.” said Oklo co-founder and CEO Jacob DeWitte. “We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission.”

Technical Analysis

Oklo is currently trading within a strong upward trend, having gained 209.84% over the past 12 months, reflecting robust momentum. The stock is trading 39.7% above its 20-day simple moving average (SMA) and 29.4% above its 50-day SMA, suggesting strong short-term and intermediate-term bullish trends.

However, it is trading 4.7% above its 100-day SMA and 10.3% below its 200-day SMA, indicating some resistance at longer-term levels. The recent death cross in February, where the 50-day SMA crossed below the 200-day SMA, suggests caution for longer-term investors, although the current price action indicates a recovery attempt.

  • Key Resistance: $80.00 — A significant level where selling pressure may emerge.
  • Key Support: $71.00 — A critical level that could provide buying interest if tested.

Oklo plans to commercialize its liquid metal fast reactor technology with the Aurora powerhouse product line. The first commercial Aurora powerhouse is designed to produce up to 15 megawatts of electricity (MWe) on both recycled nuclear fuel and fresh fuel. This collaboration with NVIDIA and Los Alamos National Laboratory positions Oklo at the forefront of innovative nuclear technology, potentially enhancing its market presence and operational capabilities.

Earnings & Analyst Outlook

Oklo is slated to provide its next financial update on May 12, 2026 (estimated).

  • EPS Estimate: Loss of 19 cents (Down from Loss of 7 cents)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $106.35. Recent analyst moves include:

  • UBS: Neutral (Lowers Target to $60.00) (March 26)
  • Goldman Sachs: Neutral (Lowers Target to $65.00) (March 18)
  • B. Riley Securities: Buy (Lowers Target to $92.00) (March 18)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Oklo, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Bullish (Score: 88.78) — Stock is outperforming the broader market.

The Verdict: Oklo’s Benzinga Edge signal reveals a momentum-driven story, indicating strong performance relative to the market. This positions the company favorably as it navigates its growth initiatives and partnerships in the nuclear sector.

Top ETF Exposure

  • Global X Uranium ETF (NYSE:URA): 5.87% Weight
  • VanEck Uranium & Nuclear ETF (NYSE:NLR): 4.48% Weight
  • Range Nuclear Renaissance Index ETF (NYSE:NUKZ): 2.88% Weight

Significance: Because OKLO carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

OKLO Stock Price Activity: Oklo shares were up 3.42% at $74.89 at the time of publication on Thursday, according to Benzinga Pro data.

Image via Shutterstock.com