Nuclear stocks are getting attention again, driven by a flurry of announcements around new reactor deals, including Brookfield Asset Management (BAM) teaming up with The Nuclear Company to roll out Westinghouse AP1000 and AP300 reactors, while Blue Energy (BUENF) works with GE Vernova (GEV) on a hybrid gas and nuclear design. At the same time, a recent Gallup poll shows record U.S. support for nuclear power, pointing to a shift where policy support and demand are starting to turn into actual projects, not just talk.
Oklo (OKLO) has been riding that momentum. Earlier this year, it secured a long-term power deal with Meta Platforms (META), which gave its small modular reactor model a real vote of confidence and pushed the stock higher. Then on June 4, 2026, Oklo said it had closed its acquisition of ARMEC, a precision manufacturing firm focused on high-tolerance nuclear components.
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The market reacted, OKLO rising 3.96% on the day of the announcement. But for a company still burning cash and without commercial revenue, does owning a manufacturing business actually speed up reactor deployment, or is this just another step that sounds good but takes time to pay off?
Inside Oklo’s Financial Picture
Oklo is an advanced nuclear company building small, fast reactors and its own fuel supply, to deliver steady, clean power from a vertically integrated setup that covers design, fuel fabrication, and recycling. Over the past 12 months, the stock is up 4.09%, but year-to-date (YTD), it’s down 21.29%.
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On the balance sheet, Oklo ended the last quarter with $2.5 billion in cash and marketable securities, split between $1.6 billion in cash and $900 million in securities, helped by $1.2 billion raised through an at-the-market equity program. But the company is still losing money as it builds out. Net loss was $33.1 million, driven by a $51.2 million operating loss and $3.2 million in taxes, partly offset by $21.3 million in interest and dividend income.
Cash use tells the same story,…
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