Oklo: Nuclear Energy Darling Could Dip More
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Pacifica Yield13.41K FollowersFollow5ShareSavePlay(6min)CommentsSummaryOKLO initiated a new at-the-market offering program in December to sell up to $1.5 billion in common shares even after its cash, cash equivalents, and marketable securities hit a record.The company has dipped by around 21% since I last highlighted the shares as overextended, as AI animal spirits continue to moderate.Zero debt, a limited cash burn profile, and strong policy support from the Government form tailwinds for OKLO even as its market cap remains buoyant. Dragon Claws/iStock via Getty Images While Oklo Inc. (OKLO) has dipped by around 21% since I last covered the ticker, the company's market cap at $16.3 billion still leaves far too much froth on the line. A significant amount of this figure represents downside risk forThis article was written byPacifica Yield13.41K FollowersFollowThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You