Why These Energy Stocks Are Gaining This Week

Page 9 of 9

1. Oklo Inc. (NYSE:OKLO)

Share Price Gains Between Sep 16 – July 23: 48.86%

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) skyrocketed to an all-time high this week after the company held a groundbreaking event for the Aurora-INL sodium-cooled fast reactor, its first Aurora power plant, at Idaho National Laboratory.

Jacob DeWitte, co-founder and CEO of Oklo Inc. (NYSE:OKLO), stated:

“This opportunity positions us to build our first plant more quickly. We have been working with the Department of Energy and the Idaho National Laboratory since 2019 to bring this plant into existence, and this marks a new chapter of building. We are excited for this, and for many more to come.”

Oklo Inc. (NYSE:OKLO) also made headlines earlier this month when the company announced plans to design, build, and operate a facility in Tennessee to recycle used nuclear fuel into fuel for fast reactors like the company’s own Aurora powerhouse.

While we acknowledge the potential of OKLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9