Explosive energy news - The 250% rockets for 2026 could be called Oklo, American Atomics, Nel ASA, or Plug Power!

Oklo – Lots of energy, but a horrendous valuation

Anyone who mentions nuclear energy and the US in the same breath will inevitably come across the start-up Oklo, which has been considered the shooting star among SMR companies for some time now. Oklo is still heavily dependent on government support, high-tech financiers, and ultimately its own NRC license. This is because the Company is currently only in the pre-application process for its first Aurora plant. There is no revenue yet, and initial revenues are not expected until 2028 at the earliest. Nevertheless, Oklo's stock has exploded by over 1000% in the last 12 months, peaking at almost USD 200.

The large number of parallel large-scale projects, from DOE pilot reactors to cooperation with the Idaho National Laboratory to plans for joint fuel production with Lightbridge, are fueling doubts about the financial feasibility without extensive government subsidies. As a result, in just two months, the stock fell from its high of around USD 193 to USD 99.50 yesterday, and at one point was trading at just USD 85. Oklo is a bet on the distant future, as the first reactor is not expected to go online for another 10 years. And what will the stock do during this period? In the long term, many observers are betting that Oklo's innovative reactor technology and rapid regulatory approval under Trump will deliver tangible results, for which investors are already paying a valuation of USD 16 billion. Highly speculative!

American Atomics – How to crack the US uranium market?

American Atomics Inc. is a Canadian energy company based in Vancouver that aims to build the first fully integrated, US-controlled uranium supply chain. Under the motto "From Rock to Reactor," the Company's vision is to incorporate all stages of the fuel cycle in North America, from exploration and mining to refining, conversion, enrichment, and fuel fabrication. The goal is to end the US's heavy dependence on Russia, Kazakhstan, and China in the nuclear supply chain and create a secure, geopolitically independent energy future. American Atomics sees itself as a strategic driver of a new era of clean, baseload power generation through nuclear energy.

The Company relies on complementary partnerships. To this end, it works closely with CVMR Inc. of Toronto, an international technology leader in metallurgical refining. Together, the protagonists are planning to build North America's first modular uranium mill, which will be fully integrated from ore processing to enrichment. The Canadians also maintain a close partnership with DISA Technologies, which recently became the first company ever to receive a license from the US Nuclear Regulatory Commission to process contaminated waste from decommissioned uranium mines. This cooperation makes it possible to remediate historic waste dumps in an environmentally friendly manner while recovering valuable resources with high efficiency. For the entire sector, this setup promises rapid success!

The most important exploration project is located in the historic Lisbon Valley uranium mining area in Utah, where geological structures indicate high resource potential. At the same time, projects are being pursued in Paradox Valley, Colorado, which build on existing uranium and vanadium resources and offer logistical synergies with the Utah site. The Company is thus creating an expandable basis for a regional value chain in the US interior. Given the global increase in electricity demand from data centers and AI infrastructure, American Atomics sees nuclear energy as the only viable CO₂-free solution for a reliable base load supply.

The global supply situation for uranium is already tight, while demand is likely to increase rapidly due to the construction of new reactors and SMRs. There are significant capacity gaps in Western markets, particularly in the areas of conversion and enrichment. American Atomics is positioning itself precisely in this bottleneck and is developing technologies and facilities designed to secure North America's long-term energy and supply sovereignty. The management team holds approximately 15% of the shares, with the last placement at CAD 0.35. The stock is traded under the distinctive ticker symbol NUKE in Canada and also in Frankfurt. Conclusion: With its positioning and a valuation of only CAD 13 million, American Atomics has what it takes to become a multiplier in 2026.

Nel ASA and Plug Power – In search of the ignition key

Hydrogen! A highly hyped topic during the coronavirus pandemic and under the German traffic light coalition government. The entire sector has not progressed beyond the level of declarations of intent, as production costs were too high for the private sector. However, after three years of consolidation and share price declines of over 90%, international sentiment appears to be slowly turning. The pioneer is the US industry leader, Plug Power, which saw a spectacular upward movement from around USD 0.75 to an incredible USD 4.50 in October. With a further capital increase, it then fell back to USD 2.00. But the share price now seems to be finding a floor.

Nel ASA's latest quarterly figures were once again sobering, but EU officials in Brussels have at least already set the course. The European Clean Hydrogen Alliance (ECHA) was recently launched as a platform to accelerate the large-scale introduction of clean hydrogen technologies by 2030. Over 1,400 players from industry, research, and politics are involved. According to Nel's management, the Company is actively working on "next-generation" systems. According to its own plans, a new, more efficient, and cost-effective "alkaline" electrolysis system is already planned for 2026, with significantly reduced energy consumption and lower investment costs (CAPEX). Nel's share price dipped five times to the EUR 0.18 mark and is now finally set to break through the EUR 0.20 mark. Analysts on the LSEG platform are not yet entirely convinced by Nel, favoring Plug Power instead, with price targets of USD 2.80 – a 22% premium on the last traded price of USD 2.29. What both stocks are missing is the ignition key. We continue to search for this elusive item. Currently, both stocks are only suitable for hardened speculators!

The energy transition is manifesting itself in different ways in the EU and the US. While the Trump administration is setting an example with its "Drill Baby Drill" slogan and mobilizing all available energy resources, the EU is still in the early stages of its efforts to secure its energy supply. It makes sense for investors to consider several "styles" in their portfolios.