Nuclear Energy Startup Oklo's Stock Is Surging Tuesday—Here's Why

[Marlin]

https://www.investopedia.com/nuclear-energy-startup-oklo-stock-is-surging-tuesday-11983536

[News Wire]

Oklo is in advanced negotiations with the Department of Energy to utilize surplus plutonium as fuel for its advanced reactor designs. This initiative aims to address fuel supply constraints that currently limit the deployment of new nuclear technologies. The development provides a potential pathway for the company to secure necessary materials for future reactor operations.

Oklo shares jumped Tuesday following news the company is in advanced talks with the Energy Department for a fuel program.

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like the war in Ukraine for respected outlets like Business Insider and Newsweek.

With Tuesday's gains, Oklo shares are about flat for the year. Jonathan Raa / NurPhoto / Getty Images

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https://www.investopedia.com/nuclear-energy-startup-oklo-stock-is-surging-tuesday-11983536