Oklo jumps on reactor manufacturing pact despite wider Q3 loss

By Reuters News

** Shares of advanced nuclear technology company Oklo rise 22.3% to $23.51 in morning trading, set to snap seven-day losing streak

** Co signs manufacturing agreement with US Forged Rings to secure domestic capacity for large reactor components supporting Aurora deployment

** OKLO is developing an Idaho fuel fabrication facility for its first Aurora reactor core and expects first fuel assembly in 2027

** US Forged Rings is building domestic capacity for ultra-heavy steel components

** CEO Jacob DeWitte says the agreement secures manufacturing capacity for future Aurora deployments

** Q3 revenue was $1.86 mln, compared with no revenue a year earlier

** Reports Q3 loss per share of 22 cents, compared with 20 cents a year earlier

** Average rating of 15 out of 26 analysts is "buy" and above, 10 say "hold", 1 "sell"; their median PT is $59.5, according to data compiled by LSEG

** Including session move, stock has fallen 67.3% YTD

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