Kerrisdale Capital published on Oklo (NYSE: OKLO — $3.08 billion), a nuclear energy company. Kerrisdale alleged that the company’s “claimed unit economics are nonsensical, its management are academics with weak real-world commercialization experience, its tech/engineering team dramatically trails peers and its projected timelines are laughable.” Kerrisdale concluded that with “hype over nuclear powered AI datacenters at fever pitch, a parabolic rise in share price and years of cash burn before any revenue let alone profit, dilutive capital raises are likely.”

More ... latest change: 2024-11-24