15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts

7. Oklo Inc. (NYSE:OKLO)

Upside Potential as of May 26: 22.27%

Next on our list of the Best Nuclear Energy Stocks According to Analysts is Oklo Inc. (NYSE:OKLO). Backed by OpenAI’s Sam Altman, the company develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.

On May 22, BofA analyst Rinny Singh reinstated coverage of Oklo Inc. (NYSE:OKLO) with a ‘Buy’ rating and a price target of $80, indicating an upside of over 17% from the current levels.

The analyst firm believes that Oklo’s differentiated, vertically integrated “build-own-operate” model positions it as a “potential early leader” in the small modular reactor industry.

BofA highlighted the company’s 1.2 GWe binding power agreement that it signed with META in January, as well as its pipeline of over 14 GWe under non-binding customer letters. This makes Oklo one of the biggest players in the emerging SMR sector and marks a strong indicator of the soaring demand for the reactors. According to the analyst firm, this early commercial traction reinforces its conviction in the company’s outlook.

Thanks to its hyperscaler contracts and its demonstration reactor staying on track, Oklo Inc. (NYSE:OKLO) was also recently included in our list of the 10 Best Nuclear Energy Stocks to Buy as SMRs Go Mainstream.