Why These 10 Small-Cap Stocks Are Skyrocketing

5. Oklo Inc. (NYSE:OKLO)

30-day Return as of January 16, 2024: 31%

Oklo Inc. (NYSE:OKLO) is an advanced nuclear technology company based in California. The company was founded in 2013 and designs compact fast reactors with a mission to provide clean, safe, and affordable energy.

OKLO grew by 31% over the past 30 days, with a share price of $24.17, up from $18.48 on December 16, 2024. Under updated rules in the United States, nuclear power is now eligible for hydrogen tax credits, one of the primary reasons for the surge in OKLO’s share price.

The Street is also bullish on OKLO, and their median price target of $27 points to an upside of 12% from current levels. In addition to that, on January 8, Citi raised its firm’s price target from $10 to $31. The analyst firm believes that energy companies are well-positioned to achieve more solid financial gains in 2025 than they were last year.