This nuclear energy stock has more than tripled over the past year. HSBC sees more gains ahead
By Liz Napolitano
Published on April 23, 2026.
HS has initiated coverage of the stock with a buy rating and a $96 price target, suggesting a 32.6% increase in shares. The bank notes that Oklo is positioned to leverage the Department of Energy's Reactor Pilot Program (RPP) and Fuel Line Pilot Program to accelerate its nuclear reactor business. The firm plans to achieve "criticality" or "hendhendhend" by 2025 and is aiming to produce 150 megawatts in phase one of a 1.2-kilometre power plant for a power plant by around 2030. Despite the start-up costs, Oklo's shares have surged by around 210% over the past year. The company's first revenue is expected later this year with the Idaho Radiochemistry Laboratory.
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