Oklo (OKLO) Sheds 13.86% as Critic on ‘No-Revenue’, $20-Billion Startup Tag

We recently published Market Shockers: 10 Stocks Collapse by Double Digits. Oklo Inc. (NYSE:OKLO) is one of the best performers on Wednesday.

Oklo extended its losing streak to a third straight day on Wednesday, shedding 13.86 percent to close at $120.12 apiece following criticisms from the Financial Times which profiled the company as a $20 billion nuclear startup without any revenues.

The piece came after a whopping 500 percent jump in its  share prices over the past year, buoyed by the artificial intelligence frenzy that was believed to propel the demand for energy over the next few years.

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Experts, however, feared that the stock has become overvalued, riding on Oklo Inc.’s (NYSE:OKLO) links to Energy Secretary Chris Wright who was a former board member of the company.

This year alone, Oklo Inc. (NYSE:OKLO) secured multiple projects from the Department of Energy (DOE) in line with the US government’s development of energy resources in the country.

Earlier this month, it was chosen as one of the four firms for the department’s Advanced Nuclear Fuel Line Pilot Projects, under which it will build and operate three fuel fabrication facilities to support the deployment of advanced reactors.

In August 2025, Oklo Inc. (NYSE:OKLO) and its subsidiary Atomic Alchemy, also bagged three of 11 projects under the DOE’s Reactor Pilot Program.

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