JPMorgan Maintains Neutral Rating on Oklo Despite NRC Approval and Strong SMR Outlook
Oklo Inc. (NYSE: OKLO) received a significant regulatory boost on May 6, 2026, when the U.S. Nuclear Regulatory Commission (NRC) approved its Principal Design Criteria for the Aurora powerhouse in Idaho. This approval was completed in just 15 days, significantly faster than the typical timeframe, reflecting broader efforts to modernize nuclear regulations under the ADVANCE Act. Despite this positive development and a bullish outlook on Small Modular Reactors (SMRs) driven by data center demand, JPMorgan has maintained a Neutral rating on Oklo stock with an $83 price target. The firm stated it awaits successful commercialization before turning more positive. In its Q1 2026 filing, Oklo reported $2.5 billion in cash and marketable securities, bolstered by recent equity offerings, but posted a net loss of $33.1 million, wider than the previous year. The company remains well-funded as it targets its first powerhouse deployment in 2028. While analysts recognize the strong potential of SMRs, some investment commentators suggest alternative AI stocks may offer better risk-adjusted returns.
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JPMorgan Maintains Neutral Rating on Oklo Despite NRC Approval and Strong SMR Outlook
Oklo Inc. (NYSE: OKLO) received a significant regulatory boost on May 6, 2026, when the U.S. Nuclear Regulatory Commission (NRC) approved its Principal Design Criteria for the Aurora powerhouse in Idaho. This approval was completed in just 15 days, significantly faster than the typical timeframe, reflecting broader efforts to modernize nuclear regulations under the ADVANCE Act. Despite this positive development and a bullish outlook on Small Modular Reactors (SMRs) driven by data center demand, JPMorgan has maintained a Neutral rating on Oklo stock with an $83 price target. The firm stated it awaits successful commercialization before turning more positive. In its Q1 2026 filing, Oklo reported $2.5 billion in cash and marketable securities, bolstered by recent equity offerings, but posted a net loss of $33.1 million, wider than the previous year. The company remains well-funded as it targets its first powerhouse deployment in 2028. While analysts recognize the strong potential of SMRs, some investment commentators suggest alternative AI stocks may offer better risk-adjusted returns.