Oklo's stock drops 7.4% after financial report

Oklo's stock is falling sharply today, with shares down nearly 9% by early afternoon. Earlier, the stock dropped more than 10%. This decline comes while major indexes like the S&P 500 and Nasdaq remain mostly unchanged. The nuclear energy startup released its financial results, showing significant losses. In 2024, Oklo reported a loss of $73.62 million, more than double the $32.17 million loss from 2023. These results raised concerns among investors about the company's financial health as it tries to develop small nuclear reactors. Oklo is working on its first “powerhouse” reactor, which is planned to be built at Idaho National Laboratory. However, the reactor is not expected to start producing energy until at least late 2027. This timeline suggests that it may take many more years before the company can make a profit. Despite the challenges, CEO Jacob DeWitte expressed optimism. He mentioned the growing support for nuclear energy from the government and the increased demand for reliable domestic power. Overall, many investors are wary of Oklo's future. The company is seen as a risky investment, and experts advise caution for anyone considering buying its stock.