Seaport: Oklo (OKLO.US) soared in value, and has been downgraded to "Neutral" due to overvaluation.

Oklo (OKLO.US) held a groundbreaking ceremony for its first Aurora power plant on Monday. Seaport analyst Jeff Campbell stated that given the current valuation, the stock rating has been downgraded from "buy" to "neutral". Campbell stated that the power plant will start generating critical operational data, which will serve as the cornerstone for converting the company's numerous letters of intent and memoranda of understanding into actual projects - "In this context, the significance of yesterday's important announcement becomes even more important." Campbell wrote, "For Oklo, this is a 'milestone achievement': 'a 75 MW Aurora power station is about to be built, it will collect data, and is highly unlikely to negatively impact Oklo's completely independent work on the COLA licensing application with the Nuclear Regulatory Commission,' but 'in the current stage of moving Aurora's supply chain from paper to the real world, it is best to take a rough approach rather than overly detailed analysis.'" The company's stock price has seen a significant increase in the past period, nearly sevenfold since the beginning of the year, and a 1600% increase in the past year, thanks to the growing enthusiasm for the nuclear energy industry. While there are many positive factors in Oklo's business development, Campbell stated that due to the current valuation, he has decided not to invest in the company at this time and has downgraded the stock rating from "buy" to "neutral". In addition, U.S. Senator Edward Markey sent a letter to President Trump expressing concerns about Energy Secretary Chris Wright's advocacy for Oklo, noting that Wright was a member of the company's board of directors.