Powering the Future: Why These 5 Energy & Utility Stocks Are on Fire in April

2. Oklo Inc. (NYSE:OKLO)

Share Price Gains Between Apr. 1 – Apr. 27: 57.96%

Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.

Oklo Inc. (NYSE:OKLO) regained the spotlight on April 23 when the company announced a high-profile partnership with Nvidia and the Los Alamos National Laboratory to advance critical nuclear infrastructure, AI-enabled research, and nuclear fuel R&D at Los Alamos. The purpose of this collaboration is to support the DoE’s Genesis Mission, a historical initiative to use AI to double the productivity and impact of American science and engineering within a decade.

Jacob DeWitte, Co-Founder and CEO at Oklo Inc. (NYSE:OKLO), commented:

“This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise. We believe this will advance our plutonium-bearing fuel work on Oklo’s Pluto reactor, which was selected under DOE’s Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission.”

Moreover, Oklo Inc. (NYSE:OKLO) received another boost on the same day when HSBC initiated coverage of the stock with a ‘Buy’ rating and a price target of $96, indicating an upside of over 26% from the current price levels.

Oklo Inc. (NYSE:OKLO) was also recently included in our list of the 14 Best Energy Stocks to Buy According to Wall Street Analysts.