Jim Cramer Discussed These 16 Stocks Recently

2. Oklo Inc. (NYSE:OKLO)

Number of Hedge Fund Holders: 23

Oklo Inc. (NYSE:OKLO) is one of the 16 stocks that Jim Cramer recently discussed. Discussing the hype around nuclear stocks, Cramer said:

“What else fits the moment? We’ve become transfixed by nuclear power. We know that the data centers that seem to be going up everywhere are humongous users of electricity. We know that the hyperscalers who run the data centers would prefer to use nuclear power because it’s clean. We know that we’ve been decommissioning nukes for decades because we thought they were unsafe. But one company, Oklo, never gave up hope that the nuclear industry could turn things around and has toiled for 12 years to get its form of nuclear power endorsed by our government.

These guys are serious professionals. One of its board members was current Secretary of Energy, Chris Wright, a textbook oil man, CEO of the second largest fracking company, Liberty Energy. Now, Oklo has no earnings and it’s losing… money, but no matter. After the close tonight, the company offered $400 million worth of stock to give them plenty of breathing room. It’s the kind of smart offering that keeps the ball rolling.

Others here should be thinking of the same thing when they have good news, like Oklo. The income statements simply don’t matter in the year of magical thinking because we just learned that Oklo was selected as the intended award winner to power Eielson Air Force Base in Alaska with a nuclear power plant. When it rains, it pours. The NRC, the Nuclear Regulatory Commission, has started reviewing a report that says Oklo could streamline the whole process, which we know is cumbersome… Maybe these guys can build, make it easier to build nukes. I don’t know. Oklo has the whole group jumping, which is exactly what you’d expect in this year of magical thinking.”

Oklo (NYSE:OKLO) designs and builds fission power plants that produce steady, large-scale energy. The company also handles services for recycling spent nuclear fuel.