Shorts Prevail as Oklo and NuScale Stocks Dive as SMR Risks Rise
Oklo and NuScale stocks have plunged this year, with short sellers making billions of dollars as risks in the SMR industry rise.
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Why Is Oklo Stock Gaining Friday?
Oklo stock rises premarket as AI energy demand and the Ratepayer Protection Act drive nuclear market attention.
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Shares of uranium and nuclear-related companies are trading lower amid catalysts for the sector including UBS's downgrade of NuScale Power to Sell over concerns about project timelines and cash burn, as well as Oklo's $1 billion at-the-market equity offering.