Jim Cramer Says Oklo’s Conference Call Was “Extremely Bullish and Really Good”

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer said that the company’s gains for the year present a “terrific opportunity to ring the register,” as he commented:

“Maybe you bought OKLO because… I’ve spoken highly about nuclear power. Oklo is working to develop as much nuclear power as possible with smaller form reactors, and the conference call yesterday was extremely bullish and really good. At the same time, though, we got to admit that Oklo is a pre-revenue company with gigantic losses. Even if the federal government starts greenlighting nuclear projects faster than they’re doing now, it could take a decade to build one of these things, and they always seem to have huge cost overruns.

Sure, Oklo could announce a deal to revive power with a major hyperscaler, but who knows when that will come… the stock is up over 400% for the year. As I see it, this more than 400% move is giving you a terrific opportunity to ring the register on part of your position. Now, ideally, you can take out at least your cost basis, then you can let the rest ride. I’m not against that, if you’re still a big believer in nuclear power like I am, but man, it’s over 400% for the year…

Rigetti and Oklo are just two of the hyper speculative companies that I’m referring and referencing when I am talking about the year of magical investing. That era is drawing to a close. If you own them and they’re up very big, have you made money? Only if you’ve sold some. Otherwise, no.”

Stock market data. Photo by Alesia Kozik 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.

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