Jim Cramer Says Oklo “Has Very Little Prospects for Making Any Money Any Time in the Future”

Oklo Inc. (NYSE:OKLO) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. When a caller asked about the stock, Cramer said:

You see, I think Oklo, while not a science project, not a science project, has very little prospects for making any money any time in the future that we think is important for a stock.

A stock market chart. Photo by Arturo A on Pexels

Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver scalable clean energy and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel. During the January 23 episode, a caller asked whether the company’s stock was a buy, sell, or hold, and Cramer responded:

Okay, Oklo, I’ve been saying sell it… It’s been knocked down pretty bad. I think it, there’s always these yahoos who want to come in, it’s up 22% for the year, who say, well, listen, it’s going to be the next greatest thing ever, and their technology’s unbelievable. This is nuclear power, and when we talk about nuclear power, you’re right. GE Vernova knows how to build a plant. Everybody else is just trying to learn and is not commercial. Oklo is not a commercial enterprise. Period.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.