Oklo (OKLO) just blasted past a key analyst target, hitting a new all-time high on news of a major partnership and putting traditional energy and AI power players on alert.
Yesterday, OKLO stock surged above $77 a share, notching a fresh record before paring gains to close up 11.4% at $74.
Oklo’s meteoric rise has been one of Wall Street’s most watched growth stories, with the stock now up 240% year-to-date. But this week’s jump felt different.
That’s not just because it broke through the $73 price target set by Cantor Fitzgerald, but because it signals Oklo’s pivot from hype to infrastructure.
The news in question was a newly announced partnership with Liberty Energy to deliver integrated power solutions for data centers.
“This collaboration gives large-scale power users a turnkey alternative that integrates generation, backup, grid interaction, and optimization, all through a single provider,” said Oklo CEO Jacob DeWitte.
The connection isn’t new. Liberty Energy invested $10 million in Oklo in 2023 before its IPO. But the scale of this latest alliance caught analysts’ attention, especially after Liberty’s own earnings release highlighted the partnership.
Liberty posted $1 billion in Q2 revenue and $71 million in net income, while touting its “strategic alliance with Oklo to provide integrated, utility-scale power solutions for data centers.”
And this wasn’t Oklo’s only big move of the week.
The company also announced a separate collaboration with Vertiv, a major data center infrastructure firm, to develop nuclear-powered stations using Oklo’s small modular reactors for AI.
Analysts raise targets but also red flags
The surge hasn’t gone unnoticed. Citigroup more than doubled its price target on Oklo this week, hiking it from $30 to $68. That’s still below the $73 Cantor Fitzgerald target, which the stock has already cleared.
So while analysts clearly see promise, they’re also warning that the stock could be running hot and might be due for a breather.
Obviously, Oklo’s entire growth story hinges on future commercialization, not current sales. The company hasn’t generated revenue yet, and despite the momentum, that remains the central risk.
But between Liberty, Vertiv, and surging institutional interest, Wall Street seems willing to buy into the nuclear moonshot, at least for now.
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