Oklo Inc. is an advanced nuclear technology company developing compact, modular Aurora Powerhouse Reactors designed for clean, reliable, and affordable energy. These reactors offer benefits such as lower build costs, easier transportation, faster deployment, and reduced nuclear waste, with scalability due to their modularity. The company also engages in fuel recycling and provides energy solutions and services. Oklo recently secured an Other Transaction Agreement (OTA) with the U.S. Department of Energy (DOE) for a Radioisotope Pilot Facility, a flexible government contract facilitating technology development and acting as a stepping stone for future agreements. Financially, Oklo is pre-revenue and pre-commercial, reporting a Q3 2025 net loss of $30 million. However, the company has bolstered its balance sheet through capital raises and equity financing, resulting in approximately $1.2 billion in total assets and shareholder equity. This strong liquidity provides a significant runway. The market opportunity is driven by the AI boom's increasing demand for constant, clean, and scalable power, a niche where traditional nuclear is slow and renewables are insufficient. Risks include sustained pre-revenue status, potential share dilution to fund operations, and regulatory hurdles, evidenced by a previous DOE application denial in 2020. The current stock price is $102.50, having surged about 306% over the last 52 weeks. Analyst consensus is a 'Moderate Buy' with a high price target of $175, suggesting a potential 70% increase in the next year. The price-to-book ratio is approximately 12.89. Despite compelling technology, commercial execution remains unproven, positioning Oklo in a high-risk, high-reward category.