Why These Energy Stocks Are Losing This Week

5. Oklo Inc. (NYSE:OKLO)

Share Price Decline Between May 27 – June 3: 7.66%

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 last month after President Trump signed an executive order to quadruple America’s nuclear energy capacity and ensure the country’s energy security amid a record rise in electricity demand. The order placed special attention on small modular reactors, or SMRs, presenting a significant opportunity for operators like Oklo. The company’s Aurora Powerhouse, capable of holding up to 75 MW, is well-suited to meet the needs of large-scale data operators without the necessity for design alterations.

So the recent drop in Oklo Inc. (NYSE:OKLO) could be due to investors taking their profits following the stock’s massive rally. Despite the decline last week, the share price of OKLO has surged by more than 95% over the last month.