BUZZ - Oklo's shares surge on nuclear reactor manufacturing deal despite wider Q3 losses

November 6 - ** Advanced nuclear technology company Oklo (OKLO.K) saw its share price rise 22.3% in early trading to $23.51, potentially ending a seven-day losing streak.

** The company signed a manufacturing agreement with US Forged Rings to secure domestic capacity for large reactor components needed to support the deployment of the “Aurora” project.

** OKLO is building a fuel fabrication facility in Idaho for its first “Aurora” reactor core, with the first fuel assembly expected to be produced in 2027.

** US Forged Rings is developing domestic capacity to produce ultra-heavy steel components.

** Chief Executive Officer Jacob DeWitte stated the agreement secures manufacturing capacity needed for future “Aurora” project deployments.

** Third-quarter revenue was $1.86 million, compared with no revenue for the same period last year.

** The report showed a net loss of 22 cents per share in the third quarter, compared with a loss of 20 cents per share a year earlier.

** According to data compiled by London Stock Exchange Group (LSEG), out of 26 analysts, 15 rated the stock “buy” or higher, 10 recommended “hold,” and 1 suggested “sell”; the median target price is $59.5.

** Including intraday swings, the stock has dropped 67.3% so far this year.

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