The Weekly Buzzing Stocks by Billy Kawasaki Oklo OKLO-N TOP PICK Oct 17, 2024

They are losing money hand over fist.

It's a short squeeze, which are fine to play if you know when it ends. But he doesn't know and won't play them.

It's a big data centre play, but is losing a lot of money.

EPS was -7.9c vs estimates of -6.8c; The revenue base remains minimal. Cash flow last year was negative $38.4M, a bit better than expected. The stock is really not trading on current earnings/revenue, however. It is hard to analyze on regular fundamentals with no sales. It surged on Monday as it said it was engaging with the NRC in a pre-application readiness assessment. Trump policies should be good to reduce red tape in the nuclear sector. The company has $275M cash. It has good backing, and there is certainly potential here. We would of course prefer to see actual revenue and positive cash flow. Insiders own 19%. The stock has done very well, up 36% YTD and 162% in a year. We would consider it a bit more than 'somewhat' speculative, and high Beta. But if the market does well, we would expect good things here.
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Is a great believer in nuclear power, but not the socks, because it takes many years to build a nuclear plant.