Oklo's stock slumped 21.8% in June 2026. The company secured a partnership with Centrus Energy for uranium fuel supply. It also received Department of Energy approvals for its Aurora and Groves reactors.
Despite these positive developments, the stock declined. Investors reacted to a $1 billion new equity offering in May. This offering raised fears of share dilution.
The market is weighing the financial realities of a pre-revenue company with significant capital needs. This occurs even as Oklo hits operational milestones.