Oklo (OKLO) shares soared an exciting 23% on Friday, May 23 after President Donald Trump signed an executive order that calls for a “total and complete reform” of the Nuclear Regulatory Commission. 

Trump’s order will accelerate the construction of nuclear power reactors in the U.S. to reduce the nation’s reliance on China and Russia. 

Including today’s rally, OKLO stock is up more than 180% versus its year-to-date low. 

How May Oklo Stock Benefit From Trump’s Order?

Trump’s executive order is a meaningful development for OKLO shares as it directs agencies to expedite approvals for new nuclear reactors, which could accelerate the firm’s commercialization timeline.

Additionally, the NYSE-listed firm could secure government contracts as the new administration continues to prioritize next-generation nuclear technologies moving forward. 

Plus, the overhaul of the NRC that streamlines regulatory processes could see AI companies turn to Oklo as well in search of a stable source of power for their data centers. 

Oklo stock is worth buying at current levels also because the nuclear technology company has also improved its financials over the past few quarters. In Q1, it lost only $0.07 per share – a material improvement from a loss of $4.79 per share a year ago. 

Wedbush Sees Further Upside in OKLO Shares to $55

Trump’s executive order in favor of nuclear technology on Friday made a senior Wedbush analyst Dan Ives reiterate his “Buy-equivalent” rating on OKLO stock. 

Ives raised his price target on the California-based company to $55, noting the new order will strengthen its position in the small modular reactors (SMRs) market. 

His upwardly revised price target on the nuclear energy stock signals potential for another 15% gain from here. 

According to Dan Ives, Oklo’s direct-to-customer power sales model is a major benefit because it ensures long-term recurring revenue and bypasses traditional utility constraints. 

Is it Too Late to Invest in Oklo?

Much like Ives, other Wall Street analysts are bullish on Oklo stock as well, given the consensus rating on it currently sits at “Moderate Buy.”

However, their mean target of about $46 suggests OKLO’s rally on Friday may have gone a little too far.