Cramer Pointed Toward Oklo When Discussing US Power Needs

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer was focused on. When suggesting nuclear stocks, Cramer mentioned the company and said:

“What [are] examples of what speculation means?… Second kind of speculation, thesis stocks. Case in point, America’s short on power. We need every kind of energy… We need nuclear? That’s Oklo.”

Photo by Frédéric Paulussen on Unsplash

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to deliver scalable clean energy and commercializes nuclear fuel recycling to convert waste into usable reactor fuel. During the September 9 episode, Cramer said that he does not think that the company’s stock is “done going higher,” as he remarked:

“Then viewers urged me to focus on nuclear power. When I looked up over, when I looked over the group, I found one that seemed like a serious spec, Oklo, which is building small form nuclear reactors. Given the high demand for electricity thanks to the data center buildout, which we heard just again tonight with Oracle, and the fact that Oklo’s a company with significant customer interest, I decided to suspend my critical judgment. And I told you that it might take only one positive headline for this stock to rock, and sure enough, a $33 stock gapped up when it was selected for a DoD contract. I don’t think it’s done going higher.”

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Disclosure: None. This article is originally published at Insider Monkey.