We recently published a list of While Market Bleeds, These 10 Firms Soar. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks.
Shares of Oklo rallied for a fourth consecutive day on Wednesday, adding 2.49 percent to close at $55.24 apiece as investors cheered its partnership with a Korean company for the deployment of its advanced nuclear technology.
In a statement, Oklo Inc. said it signed a memorandum of understanding with Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corporation, to explore opportunities aimed at jointly advancing the standard design development and verification of Aurora powerhouses, manufacturability and constructability assessments, major equipment planning, as well as supply chain development.
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The collaboration also supports Oklo Inc.’s deployment of a 75-MWe Aurora powerhouse at the Idaho National Laboratory site, which is currently undergoing a licensing process.
Additionally, Oklo Inc. plans to file follow-on applications to support its growing order pipeline, which exceeds 14 GW.
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This article is originally published at Insider Monkey.
