10 Firms That Soared Last Week

4. Oklo Inc. (NYSE:OKLO)

Shares of Oklo surged by 33.35 percent last week to finish at $55.49 apiece as investor optimism was fueled by the government’s plan to prioritize the expansion of the energy industry over achieving net-zero goals.

Energy Secretary Chris Wright’s confirmation as the department’s head also spurred optimism for OKLO, being a former member of the firm’s board of directors.

“The Department’s goal will be to unleash the great abundance of American energy required to power modern life and to achieve a durable state of American energy dominance,” the department order was quoted as saying in a report by Reuters.

It also underscored that net zero policies have pushed up the prices of energy for homes and businesses, threatened the reliability of energy systems, and undermined energy security.

OKLO, an advanced nuclear technology company, stands to benefit from the expansion program, further supported by an expected boom in the artificial industry sector.