🟢 Oklo Inc. shares jump 5% after announcing key DOE safety approval for its first reactor

Oklo Inc. (NYSE: OKLO) is trading at $56.73 (5% up) in pre-market sessions after the company announced a significant regulatory milestone.

• The U.S. Department of Energy (DOE) has approved the Preliminary Documented Safety Analysis (PDSA) for Oklo's Aurora powerhouse at Idaho National Laboratory.
• This approval represents a major step in the authorization pathway for what will be the first of Oklo's planned fast fission power plants.
• The positive development counters a price target reduction to $55 by UBS, which was also reported today.