OKLO vs SMR: Oklo vs NuScale Power Compared
Oklo (OKLO) vs NuScale Power (SMR) compared side by side: business model, licensing status, tracked reactor pipeline and datacenter deals, live market cap and short interest, plus which suits which investor.
Informational only — not investment advice.
| OKLO | SMR | |
|---|---|---|
| Stage | Reactor vendors and SMR developers | Reactor vendors and SMR developers |
| Segment | SMR developer | SMR developer |
| Nuclear exposure | Pure play | Pure play |
| Exchange | NYSE:OKLO | NYSE:SMR |
| Market cap (live) | $7.17B | $3.29B |
| Short interest | 20.5% of float | 20.6% of float |
| 1-year return | -74% | -81.7% |
| Lead cited figure | 1,075 MW (Tracked reactor pipeline) | 6,462 MW (Tracked reactor pipeline) |
Which suits which investor?
The two listed SMR names run opposite models. NuScale (SMR) is a technology licensor with the only NRC-approved SMR design; its revenue depends on partners such as RoPower and ENTRA1 ordering plants, so the stock trades on order flow and the TVA 6 GW programme. Oklo (OKLO) plans to own and operate its Aurora fast reactors and sell power under long-term contracts, so it trades on siting, DOE authorizations and offtake such as the Meta agreement, with no commercial plant yet. Investors wanting a de-risked, licensed design look at NuScale; those wanting the build-own-operate model and HALEU fuel exposure look at Oklo. Both are pre-profit and volatile.
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Yellowcake Analytics. "OKLO vs SMR: Oklo vs NuScale Power Compared." Yellowcake Analytics, 2026, https://www.yellowcakeanalytics.com/compare/oklo-vs-smr.
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