ENERGY X

Oklo (NYSE: OKLO) is developing small nuclear plants called Aurora powerhouses. It plans to build, own, and run them, then sell power and heat. It is also working on nuclear fuel and medical isotopes.The appeal is easy to see. Power use is rising, data centers need steady electricity, and nuclear energy has fresh political support.But interest is not profit.In the first quarter of 2026, Oklo posted a net loss of $33.1 million and an operating loss of $51.2 million. It used $17.9 million in cash to run the business, and it spent $32.8 million on plants and equipment.On the other hand, Oklo earned $21.3 million from interest and dividends on its large cash pile, which helped cut the net loss.The company ended the quarter with $2.5 billion in cash and investments. That gives it time to build. But most of the gain came from selling new shares, not from the business itself.The stock rose fast, then gave back some gains over the past year, but the fall has stopped for now. Investors seem unsure. They aren't sold, but they have not left.