Oklo Inc. (OKLO): There’s No Rigor, No Coverage, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) is a popular retail stock that provides nuclear power solutions. Cramer has regularly discussed the stock over the past couple of weeks. During most of these appearances, he has maintained that Oklo Inc. (NYSE:OKLO)’s share price gains are mostly due to sentiment instead of fundamentals. The stock is up 180% year-to-date, and Cramer maintained his opinion this time around as well:

“There’s a stock called Oklo. Which has nuclear. And at 35, I just said I surrender. On Mad Money, I’m just gonna recommend it. Because I’m all behind Oklo. And then it had rigor whatsoever. No rigor. It was just something which I just said, this has momentum.

“And the reason by the way, in this Oklo park market, no one has real estimates. So, as long as you don’t have real estimates, you don’t, there’s no such thing as failing to beat the estimates. I mean it’s just a, ponzi scheme. I mean I love Oklo, it’s fantastic, it does something nuclear. I saw a guy on the beach yesterday, he said why don’t you recommend Oklo more? I said why? He says, well it has, it’s going to develop, ah, uh, I said well that’s good. That’s good. That’s enough to recommend it. Do you know what’s nuclear? Oh yeah. And I said, do you know like no one really covers it? That’s what I like! That’s what people like. No real coverage.

“I like to be rigorous. Like when you talk to Ted Pick, who’s at Morgan Stanley. Reminds you that rigor really matters. But I have people calling on this Oklo, at 35. And I’ll say listen, I wouldn’t buy that for my trust. But you have the green light and at 40”

Cramer recently discussed how headlines impact Oklo Inc. (NYSE:OKLO)’s shares:

“Okay, so let’s talk about this. We know that this is nuclear fission, not nuclear fusion. We know it’s a big spec. We know a lot of people like it. We know it’s up a great deal, 143%. This one, we’re now going to wait for it to come in. Maybe we give it a week, and then we’ll take a look. But I’m not against Oklo, and I can’t be because I’m very pro-nuclear and I do like the uranium stocks too. I do not expect anything short-term, but I know that a headline would move that thing up 25%.”

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