11:56 AM EDT, 06/12/2025 (MT Newswires) -- Oklo's ( OKLO ) planned deal to provide nuclear power to the Eielson Air Force Base in Alaska is the "first step" in the Department of Defense taking a large role in ordering reactors from the company to install on military bases, Wedbush said in a note Thursday.

Oklo ( OKLO ) said Wednesday it has been selected as an intended awardee by the Defense Logistics Agency Energy to provide power via the deployment of an Aurora powerhouse at the Eielson Air Force Base.

The DoD aims to quadruple the nuclear power plant fleet to 400 gigawatts of electric capacity by 2050 from about 100 gigawatts, Wedbush said, adding the DoD also has the regulatory authority for nuclear plants on bases, allowing them to "significantly accelerate reactor deployments, which [is] a key tailwind" for the company.

Meanwhile, Oklo ( OKLO ) is also building off its "significant momentum" after an executive order signed by US President Donald Trump last month to boost the US nuclear energy industry amid rising demand from AI projects, Wedbush said.

There's "significant demand for clean energy to power AI initiatives with necessary computing power expected to grow 10x by 2030, putting OKLO ( OKLO ) in a great position to capitalize on this elevated demand," said Wedbush analysts, including Daniel Ives.

Wedbush raised Oklo's ( OKLO ) price target to $75 from $55 and kept its outperform rating on the stock.

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