Oklo Inc.: Licensing momentum builds

研报英文原文证据摘录

Oklo Inc.: Licensing momentum builds

Equity Research

North America Clean Technology

13 May 2026

Oklo Inc.

Licensing momentum builds

Oklo advances on different regulatory fronts, as the first

Aurora Powerhouse received a principal design approval in

the quarter, and the NRC's proposed Part 57 may speed OKLO OVERWEIGHT North America Clean

Technologyfuture projects. Radioisotope revenue is possible within the POSITIVE

Price Target USD 82.00

year as the company reiterates cash outflow guidance. Price (12-May-26) USD 73.63

Potential Upside/Downside +11.4%

Source: Bloomberg, Barclays Research

Principal design approved for first powerhouse in Idaho: On May 6th, Oklo announced that

the U.S. Nuclear Regulatory Commission (NRC) approved the Principal Design Criteria (PDC)

topical report for its Aurora powerhouse under construction in Idaho, marking a meaningful North America Clean Technology

regulatory milestone for the company’s advanced nuclear platform. The approval, completed in Christine Cho, CFA

less than half the traditional review timeline, allows the PDC report to be referenced in future +1 212 526 8419

licensing applications and reduces the need for repeated regulatory review, which the company christine.cho@barclays.com

BCI, UShopes can shorten future approvals. Management highlighted that the report was accepted

within 15 days of submission, versus a typical 30–60 day window, underscoring increased Liam Duggan, CFA

alignment with regulators. The accelerated review reflects broader NRC efforts to modernize +1 212 526 5416

licensing pathways for advanced reactors following recent executive orders and the ADVANCE liam.duggan@barclays.com

BCI, USAct, and represents incremental de-risking of Oklo’s licensing pathway for advanced nuclear

commercialization in the US.