Why These Energy Stocks are Gaining This Week

4. Oklo Inc. (NYSE:OKLO)

Share Price Gains Between July 23 – July 30: 12.93%

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) soared to its all-time high this week following a string of positive developments, including Citigroup’s recent decision to lift the stock’s price target significantly from $30 to $68. Moreover, Daiwa has upgraded OKLO from ‘Hold’ to ‘Outperform’ and raised its price target from $58 to $86.

It was also announced this week that Oklo Inc. (NYSE:OKLO) has partnered with Liberty Energy to offer integrated power solutions for large-scale, high-demand customers, including data centers, industrial facilities, and utility-scale sites. Additionally, the nuclear power startup announced a partnership with Vertiv to develop modular power and cooling systems for artificial intelligence data centers powered by steam and electricity from Oklo’s advanced nuclear power plants.

Following the recent rally, Oklo Inc. (NYSE:OKLO) has surged by over 246% since the beginning of 2025.