11:31 AM EDT, 05/14/2025 (MT Newswires) -- Oklo's ( OKLO ) nuclear energy systems present a growing opportunity amid surging demand for computing power driven by the AI buildout, Wedbush Securities said in a note Wednesday.

The Trump administration, supported by Energy Secretary Chris Wright, a former Oklo board member, is backing nuclear energy growth through executive orders and defense-related deployments, the firm said.

Oklo's ( OKLO ) model of building, owning, and operating its reactors allows for long-term recurring revenue and a streamlined regulatory path, Wedbush said.

The company expanded its Aurora powerhouse design to 75 MW to meet increasing power needs from data centers, including potential supply for OpenAI and other hyperscalers.

Oklo recently completed borehole drilling at the Idaho National Laboratory, a milestone toward submitting its first nuclear plant license application by the end of 2025 and targeting deployment in 2027.

While still pre-revenue, Oklo has over 14 GW in its project pipeline and is strategically positioned to capitalize on rising nuclear demand from both federal and commercial sectors, according to the note.

Wedbush maintained an outperform rating on the stock with a $45 price target.

Shares of Oklo were up nearly 19% in recent trading.

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