Oklo shares fall as investors doubt near-term profitability despite rising electricity demand from AI data centers and industrial sites.
Oklo (NYSE: OKLO) has dropped over 75% from its October peak above $190, as skepticism grows over its small nuclear reactor technology. The company targets power-hungry customers like AI data centers, which could consume 11.8% of U.S. electricity by 2030, up from 4.4% in 2023, according to a Department of Energy report.
Despite the growing demand for reliable electricity, Oklo remains unprofitable and may take years to generate revenue. The grid’s strain from new factories, electric vehicles, and electrification efforts has not yet translated into investor confidence in Oklo’s long-term vision.
The stock’s decline reflects broader market caution toward early-stage energy solutions, even as power demand projections surge.