10 Best Performing Mid Cap Stocks to Buy According to Analysts

8. Oklo Inc. (NYSE:OKLO)

Year-to-Date Performance as of February 24: 61.14%

Upside Potential as of February 24: 28.08%

Number of Hedge Fund Holders: 27

Oklo Inc. (NYSE:OKLO) designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the US. It also provides used nuclear fuel recycling services. It’s targeting the AI data center energy market.

The company is capitalizing on the rising demand for reliable, low-carbon power. Deals exceeding $100/MWh validate this need. The company’s build-own-operate model appeals to data centers. It has secured LOIs for 750MW from two data centers, which total 2.1GW in signed agreements. This includes a $25 million prepayment from Equinix. Equinix is a digital infrastructure company that provides data center and interconnection services. Regulatory progress includes aiming for a 24-month NRC license for its Idaho project. The Idaho project refers to the planned deployment of the company’s first advanced nuclear power plant at the Idaho National Laboratory. This is a step towards commercializing its advanced nuclear technology.

The $25 million stock acquisition of Atomic Alchemy enhances the company’s radioisotope production. Atomic Alchemy is a company that develops proprietary reactor and isotope production technologies to produce radioisotopes. Radioisotopes are radioactive elements with applications in advanced manufacturing, including components crucial for AI hardware. Oklo Inc. (NYSE:OKLO) is acquiring Atomic Alchemy to integrate radioisotope production into its fuel recycling process.

On January 24, Wedbush analyst Dan Ives increased the price target on Oklo Inc. (NYSE:OKLO) from $26 to $45. Ives’ confidence stems from projects like Stargate, where nuclear energy is expected to play a vital role. This positions the company as a major player in supporting the growing power demands of AI data centers, particularly under the anticipated policies of the Trump Administration.