MOTION MAXXING

HSBC Initiates Coverage on $OKLO with Buy Rating, PT $96 Analyst comments: "Oklo is accelerating the integration of power, fuels, and isotope production, with the company pioneering an owner-operator model for its next-generation small modular reactors. With a total of four projects selected to participate in the Department of Energy’s Reactor Pilot Program and Fuel Line Pilot Program, Oklo is positioned to leverage the new DOE-led licensing process for its 75 MW Aurora powerhouses and fuel foundry. The result is an accelerated timeline for constructing and licensing new reactors, with Oklo leveraging its expertise in ancillary opportunities such as nuclear fuel recycling and radioisotope production. Oklo is advancing two projects within each of its three business units, with one project each under the DOE’s Reactor Pilot Program and Fuel Line Pilot Program. Management expects to meet or beat the DOE’s July 4, 2026 target for achieving criticality at the Aurora-INL and Groves isotope projects, followed by NRC guidance for licensing commercial reactors as Oklo targets 150 MW to be operational around 2030 in Phase 1 of a 1.2 GW power campus for Meta. With no debt and approximately $2.5 billion in cash and equivalents, Oklo expects to book its first revenue later this year from the Idaho Radiochemistry Laboratory. The company is offsetting high upfront first-of-a-kind capital costs with customer prepayments and third-party investments, guiding to $400 million of annual capex over the next two years. Longer term, Oklo should be able to finance capex with multiple forms of financing, including project financing against long-term power purchase agreements and federal loans. The company should also benefit from economies of scale and a vertically integrated fuels business." Analyst: Samantha Hoh

Good find.. From the IMSR S4: "On December 4, 2024, Terrestrial Energy publicly announced the entry of a Memorandum of Understanding (MOU) with EnergySolutions (“EnergySolutions”), a supplier of environmental remediation services to the nuclear energy industry and owner of brownfield sites for new nuclear deployment. Under such MOU, Terrestrial Energy intends to work with the North American nuclear environmental remediation specialist to collaborate on the siting and deployment of Terrestrial Energy’s Integral Molten Salt Reactor plants at sites owned by EnergySolutions." Hopefully good news here someday soon

*DEPARTMENT OF ENERGY TO ANNOUNCE NEW INITIATIVE TO BUILD OUT U.S. NUCLEAR FUEL SUPPLY CHAIN TODAY $LEU $CCJ $UUUU

$IMSR now up 8500 bps on $OKLO YTD with plenty of room for more. This valuation gap is still insane. Reminds me so much of the OKLO/SMR pair trade last year which was juicy AF