10 Firms Blowing Up by Double Digits Today

5. Oklo Inc. (NYSE:OKLO)

Oklo Inc. rallied for a fourth consecutive day on Wednesday, jumping 15.55 percent to finish at $37.01 apiece as investors continued to snap up shares following its strong earnings performance in the first quarter of the year.

In a statement, Oklo Inc. (NYSE:OKLO) trimmed its net loss by 59.16 percent to $9.8 million from the $24.02 million registered in the same period last year, despite incurring a 142-percent increase in loss from operations of $17.9 million versus $7.37 million year-on-year.

In other news, Oklo Inc. (NYSE:OKLO) announced the appointment of Pat Schweiger as its new chief technology officer. Previously, he served as chief engineer at SPARC at Commonwealth Fusion Systems as well as senior vice president and vice president for TerraPower.

“Pat’s decades of experience and expertise in power engineering will be a tremendous asset to Oklo as we move toward the commercialization of our advanced nuclear technologies,” said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte.