10:56 AM EDT, 03/25/2025 (MT Newswires) -- Oklo ( OKLO ) is "well-positioned" to capitalize on the growing demand for nuclear energy with the artificial intelligence revolution still in its early stage, Wedbush Securities said in a Tuesday note.

Wedbush analysts, including Daniel Ives, said that while Oklo ( OKLO ) is still in the pre-revenue stage, it is positioning itself to capitalize on the growing demand for nuclear energy. The company is working on creating a sustainable nuclear energy supply chain as it said it would engage with the US Nuclear Regulatory Commission for a readiness assessment of its combined license application for the Aurora Powerhouse. This move will address site and environmental details, with a formal NRC application planned later this year for design, construction, and operation of Aurora at the Idaho National Laboratory, which is aiming to be the first commercial small nuclear reactor in the US.

The analysts said Oklo's ( OKLO ) acquisition of Atomic Alchemy remains on track, with plans to deploy its hyperreactor after government approval. This could improve the economics of nuclear fuel fabrication and recycling, with potential revenue generation starting in Q1. The company also appointed two new board directors: Daniel Poneman, a former deputy secretary of energy at the US Department of Energy, and Michael Thompson, chief executive of Reinvent Capital, to add expertise in nuclear technology and tech financing.

Wedbush Securities maintained an outperform rating and $45 price target on Oklo ( OKLO ).

The company's shares were down 6.7% in recent trading activity.

Price: 28.84, Change: -2.07, Percent Change: -6.70