Why These Energy Stocks are Losing This Week

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1. Oklo Inc. (NYSE:OKLO)

Share Price Decline Between Jan. 9 – Jan. 16: 9.84%

Topping our list of the Energy Stocks that Fell This Week is Oklo Inc. (NYSE:OKLO). Backed by OpenAI’s Sam Altman, the nuclear startup develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.

Oklo Inc. (NYSE:OKLO) jumped by almost 47% earlier this month after the company struck a nuclear power agreement with Meta, with the two companies advancing plans to develop a 1.2 GW power campus in Ohio. The agreement aims to support Meta’s power needs for its data centers, with pre-construction activities expected to begin in 2026 and the first phase operational as soon as 2030. Moreover, Oklo announced an agreement with the US Department of Energy to develop a radioisotope pilot plant under the latter’s Reactor Pilot Program. So the recent share price correction may be due to investors booking profits.

Moreover, Oklo Inc. (NYSE:OKLO) also came under pressure following recent reports that Ormat, a geothermal company, has signed a 20-year power purchase agreement with data center operator Switch. Investors may now view geothermal as an emerging alternative to nuclear reactors to help power the AI boom.

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: 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela and 11 Best Performing Energy Stocks in 2025.

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