Ramish Cheema
2 min read
Oklo Inc. (NYSE:OKLO) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. Oklo Inc. (NYSE:OKLO) is an American company developing nuclear fission power plants. Its shares are up by 101% over the past year and by 63% since Cramer discussed them in February.
While Oklo Inc. (NYSE:OKLO)’s stock surged by a whopping 389% between March and mid-October, Cramer continued to advise caution. A major factor that drove the CNBC TV host’s opinion was his belief that Oklo Inc. (NYSE:OKLO) did not have a clear timeline when it came to delivering its nuclear power plants. As opposed to the firm, he continued to vouch for GE Vernova stock. Since mid-October, Oklo Inc. (NYSE:OKLO)’s shares are down by 65%. Media reports suggest that the timelines for its project deliveries and losses are some of the factors driving the pessimism. Here’s what Cramer had said about the firm in February 2025:
“We really don’t need the, if we don’t want them, you know. I’ll tell you what we really don’t need, we don’t need the nuclear fission through Oklo. A total fan favorite. That’s one of the most speculative stocks out there… It’s frightening when you own a stock because of quantum computing prospects and then those hopes are dashed by an authoritative expert.”
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