Oklo Surges 27% On Defense Department Microreactor Project Win

(RTTNews) - Oklo Inc. (OKLO) soared 26.66 percent to $66.54 on Tuesday after receiving a Notice of Intent to Award from the Defense Logistics Agency Energy. The deal, on behalf of the Department of the Air Force and Department of Defense, positions Oklo to deploy its Aurora microreactor at Eielson Air Force Base in Alaska to supply clean, reliable energy. The stock opened at $53.56 and reached an intraday high of $67.66 on the New York Stock Exchange. Volume spiked to 33.7 million shares, well above the average of 16.2 million. Oklo's 52-week range is $5.35 to $67.66.

This pilot project is part of a broader effort to strengthen energy resilience for national security infrastructure. Under the anticipated agreement, Oklo will design, build, own, and operate the facility under a long-term power purchase contract.