Oklo plunges 6%: why this analyst is cautious on the stock

Shares of Oklo (OKLO) fell sharply on Tuesday after Wolfe Research initiated coverage on the advanced nuclear reactor company with a cautious “Peer Perform” (hold) rating, raising fresh concerns about valuation, execution risks, and the company's long path toward commercialization. Oklo stock dropped more than 6% in morning trading after Wolfe analyst Steve Fleishman outlined a fair valuation range of roughly $51 to $71 per share.