Oklo Inc. (OKLO) Climbs 14.8% as Govt Puts Nuclear Back In Spotlight

We recently published 10 Stocks With Easy Double-Digit Gains. Oklo Inc. (NYSE:OKLO) was one of the top performers on Monday.

Oklo Inc. (NYSE:OKLO) extended its winning streak to a third straight day on Monday, surging 14.83 percent to close at $89.34 apiece as investors took heart from ongoing progress in the nuclear sector, as the US government makes true to its promise of the industry’s “renaissance” in 2026.

During the session, Oklo Inc. (NYSE:OKLO) rallied alongside its nuclear counterparts, including NuScale Power Corp., following announcements from the House of Representatives’ Energy subcommittee that it would officially begin the review of the current status of the nuclear sector in the US.

A power transmission line

“This hearing will offer a chance to discuss the current state of our nuclear industry, addressing the licensing and deployment of nuclear power while examining how the implementation of recent laws and policies can support the industry’s growth — growth that will be vital to meeting our energy and security needs,” the subcommittee said.

The initiative follows President Donald Trump’s executive order last year, which aims to aggressively expand the industry as the US braces for energy demand growth from the artificial intelligence industry and the domestic manufacturing sector.

For its part, Oklo Inc. (NYSE:OKLO) has clinched multiple contracts with the Department of Energy in support of the latter’s Fuel Line Pilot and Reactor Pilot programs which aim to establish a domestic nuclear fuel supply chain for testing new reactors.

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