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Stock impact report

Oklo (OKLO) Fell This Week. Here is Why [Yahoo! Finance]

Oklo Inc. Class A common stock (OKLO) 
Company Research Source: Yahoo! Finance
dan-meyers-xXbQIrWH2_A-unsplash Backed by OpenAI's Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. Oklo Inc. (NYSE:OKLO) jumped by almost 47% earlier this month after the company struck a nuclear power agreement with Meta, with the two companies advancing plans to develop a 1.2 GW power campus in Ohio. The agreement aims to support Meta's power needs for its data centers, with pre-construction activities expected to begin in 2026 and the first phase operational as soon as 2030. Moreover, Oklo announced an agreement with the US Department of Energy to develop a radioisotope pilot plant under the latter's Reactor Pilot Program. So the recent share price correction may be due to investors booking profits. Moreover, Oklo Inc. (NYSE:OKLO) also came under pressure following recent reports that Ormat, a geothermal company, has signed a 20-year power purchase agreement Show less Read more
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