10 Best Performing Utilities Stocks to Buy Now

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6. Oklo Inc. (NYSE:OKLO)

Year-To-Date Performance as of August 22: 231.51%

Number of Hedge Fund Holders: 36

Oklo Inc. (NYSE:OKLO) ranks among the best performing utilities stocks to buy now. UBS began coverage of Oklo Inc. (NYSE:OKLO) on August 20 with a Neutral rating and a $65 price target. The bank cited Oklo’s significant total addressable market (TAM) and profit potential of over $75 billion per year, with EBITDA margins around 70%, as favorable aspects supporting its value.

UBS weighed these advantages against a number of risk factors, such as the inherent hazards in developing nuclear projects and the early stage of small modular reactor (SMR) technology. The firm added that while it awaits more commercialization developments from Oklo Inc. (NYSE:OKLO), it remains “cautiously optimistic” about the possibility of a larger U.S. nuclear infrastructure build-out.

Oklo Inc. (NYSE:OKLO) is an advanced nuclear technology company that creates and builds nuclear fuel recycling systems and small fast reactors to deliver dependable, carbon-free electricity.

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