Key Takeaways
- Oklo shares jumped 16% after a narrower-than-expected third-quarter loss of $0.22 a share.
- NuScale Power and Bloom Energy rose too, so much of the jump looks like AI-power stocks recovering from the election.
- Oklo’s $3.13 billion of cash covers about half the burn analysts expect through 2030.
- Oklo still needs a cost for its first Aurora plant and a binding contract with Meta.
Oklo (OKLO) shares jumped 16% this morning after its third-quarter loss of $0.22 a share came in narrower than analysts expected. It’s a welcome break for a stock that sank 10% the day after the Democrats’ midterm sweep and hit a new 52-week low.
But NuScale Power (SMR) rose 13% after its own smaller-than-expected loss, and Bloom Energy (BE) gained 10% with no news.
The quarter held up
Oklo’s operating loss was about $71 million in the third quarter, a touch below the second quarter’s $73.2 million, and interest on its cash cut the net loss to $41.7 million. Its cash pile grew to $3.13 billion at Sept. 30, from $3.0 billion at June 30, as it finished selling the stock in its May program.
Analysts went into the report expecting losses per share to keep widening through 2028.
One smaller loss doesn’t change that path much: the Aurora spending is still ahead.
Oklo had plenty of company
NuScale lost 11 cents a share against the 26 cents analysts expected, even as revenue fell $8.0 million from a year earlier, to $281,000. Like Oklo, it’s being rewarded for losing less while it waits on a binding customer deal: for NuScale, one between its partner ENTRA1 and the Tennessee Valley Authority; for Oklo, a power contract with Meta.
Bloom sank 16% on Thursday on the same midterm fears, two weeks after reporting third-quarter revenue up 138% and raising its 2026 outlook for the third time this year. When a company growing that fast sinks that hard on an election, the selling was about policy. With no Bloom news today, I’d read a good part of Oklo’s jump as the same unwind.
TIKR tracks 25 analysts on Oklo. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on Oklo, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See Oklo’s Analyst Ratings
Plenty of cash, and a long wait
Oklo also reserved capacity for large reactor components at U.S. Forged Rings’ planned North Carolina campus, with first deliveries in 2030, around when it targets the first phase of Meta’s Ohio campus. Until then, it lives off its cash, and the burn has climbed fast.
Analysts expect about $6.3 billion of burn from 2026 through 2030, twice what Oklo holds, so more stock sales look likely.
Bottom line: the quarter was clean, but I’d credit most of today’s jump to the group’s rebound. Oklo still has to show what its first Aurora plant costs and get Meta to sign.
Of course, that cost, once management gives it, could move the stock fast either way.
So what is Oklo stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
