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Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks fell late Thursday afternoon, with the NYSE Energy Sector Index down 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.6%.The Philadelphia Oil Service Sector Index was rising 0.7%, and the Dow Jones US Utilities Index was up 0.8%.President Donald Trump said Thursday on Truth Social he has cancelled previously announced strikes on Iran tonight as "final points" of a deal have been, "in both concept and great detail, approved by all parties involved." He said the time and place of a deal signing between the nations will "be announced shortly."Front-month West Texas Intermediate crude oil fell 4.2% to $86.23 a barrel, and the global benchmark Brent crude contract dropped 4.6% to $88.82 a barrel. Henry Hub natural gas futures shed 3.3% to $3.08 per 1 million BTU.In sector news, the Organization of the Petroleum Exporting Countries on Thursday lowered its global oil demand growth forecast for this year but raised its expectations for 2027. The cartel now expects oil consumption to rise by 970,000 barrels a day this year, down from its prior estimate that called for an increase of 1.17 million barrels. For 2027, OPEC now expects world oil demand to rise by 1.73 million barrels a day, compared with its last month's forecast of a 1.54 million-barrel increase.In corporate news, BP (BP) should provide clarity on its medium-term growth targets and balance sheet goals amid the ongoing boardroom drama with the recent removal of Chair Albert Manifold, RBC Capital Markets said in a note. BP shares were down 0.6%.Oklo (OKLO) shares jumped 7% after it said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.Energy Fuels (UUUU) shares surged 10% after the company said it expects finished uranium production at its White Mesa Mill to reach about 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.Black Hills' (BKH) pending merger with NorthWestern Energy (NWE) has an underappreciated strategic value as the combination will likely offer larger scale, stronger balance sheet, and wider jurisdictional diversity, BofA said in a note. BofA upgraded Black Hills to buy from neutral and increased the company's price target to $78 from $76. Black Hills shares rose 0.3%.

$BKH$BP$OKLO$UUUU
Sectors

Sector Update: Energy Stocks Mixed Thursday Afternoon

Energy stocks were mixed Thursday afternoon, with the NYSE Energy Sector Index adding 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index was rising 0.4%, and the Dow Jones US Utilities Index was up 0.5%.Front-month West Texas Intermediate crude oil rose 0.4% to $90.36 a barrel, and the global benchmark Brent crude contract was 0.2% lower at $92.96 a barrel. Henry Hub natural gas futures fell 3.1% to $3.09 per 1 million BTU.In sector news, the US will hit Iran with an attack "VERY HARD TONIGHT," and it will take control of the Kharg Island sometime in the "not too distant future," President Donald Trump said Thursday on a Truth Social post. The island is, reportedly, the gateway for a vast majority of Iran's crude oil exports. Iran's Foreign Ministry has condemned the recent US strikes on the country, saying that it has rendered the ceasefire "practically meaningless," the Associated Press reported Thursday.Separately, the Organization of the Petroleum Exporting Countries on Thursday lowered its global oil demand growth forecast for this year but raised its expectations for 2027. The cartel now expects oil consumption to rise by 970,000 barrels a day this year, down from its prior estimate that called for an increase of 1.17 million barrels. For 2027, OPEC now expects world oil demand to rise by 1.73 million barrels a day, compared with its last month's forecast of a 1.54 million-barrel increase.In corporate news, Oklo (OKLO) shares gained 4.4% after it said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.Energy Fuels (UUUU) shares jumped past 6% after the company said it expects finished uranium production at its White Mesa Mill to reach about 1.6 million pounds by June 30, which would already be within its full-year guidance range of 1.5 million to 2.5 million pounds of U3O8.BP (BP) said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract. Shares added 0.4%.

$BP$OKLO$UUUU
Sectors

Sector Update: Energy

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index adding 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.1%.The Philadelphia Oil Service Sector Index was rising 0.7%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil rose 1.4% to $91.26 a barrel, and the global benchmark Brent crude contract advanced 0.7% to $93.79 a barrel. Henry Hub natural gas futures fell 2.9% to $3.09 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 2.8% after it said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.

$OKLO
Wire

Oklo Says Energy Department Approves Preliminary Documented Safety Analysis for Aurora Powerhouse

Oklo (OKLO) said Thursday that the US Department of Energy has approved the preliminary documented safety analysis for the Aurora powerhouse at Idaho National Laboratory under the department's Reactor Pilot Program.The PDSA covers the project's hazard analysis, accident analysis, safety controls, and design commitments, the company said.Shares of the company were up 4.1% in Thursday trading.Price: $56.24, Change: $+2.22, Percent Change: +4.11%

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Wire

UBS Adjusts Oklo Price Target to $55 From $60, Maintains Neutral Rating

Oklo (OKLO) has an average rating of overweight and mean price target of $88.26, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $54.64, Change: $+0.62, Percent Change: +1.16%

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Wire

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index increasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index was climbing 3.8%, and the Dow Jones US Utilities Index fell 1.7%.Front-month West Texas Intermediate crude oil rose 0.6% to $91.06 a barrel, and the global benchmark Brent crude contract advanced 1.2% to $94.17 a barrel. Henry Hub natural gas futures fell 3% to $3.13 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 1.4% after the company said it has acquired Armec, a manufacturing and engineering firm, to expand its capabilities in reactor and fuel manufacturing programs.Eni (E) and Petronas said they have launched a 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia. Eni shares rose 1%.Alliance Resource Partners (ARLP) shares added 0.4% after the company said Monday it has agreed to buy certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for about $206.2 million.

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Wire

Oklo ARMEC Deal Enhances Supply Chain Integration, Adds Margin Support, Wedbush Says

Oklo (OKLO)'s acquisition of ARMEC is strengthening its supply chain integration and supporting its reactor deployment strategy, Wedbush Securities said in a note on Monday.The investment firm said that ARMEC's positive free cash flow and complementary capabilities are expected to enhance Oklo's margin profile and expand customer and supplier relationships.With $2.54 billion in cash and securities as of fiscal Q1, Wedbush said Oklo has ample liquidity to pursue further acquisitions.The deal, which closed June 4, adds ARMEC's two decades of experience in high-precision machining, prototyping and fabrication to Oklo's operations, according to the note.Wedbush reiterated its outperform rating and $110 price target.Shares of Oklo were up 2.7% in Monday afternoon trading.Price: $59.65, Change: $+1.56, Percent Change: +2.69%

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Sectors

Sector Update: Energy Stocks Rise Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index was climbing 3.4%, and the Dow Jones US Utilities Index was shedding 1.6%.Oil prices were higher in Monday trading, but off session highs, as Iran reportedly halted military operations against Israel after fresh clashes erupted between the two countries. Iran has suspended strikes against Israel, the former's Ministry of Foreign Affairs told CNBC on Monday. The two countries traded strikes on Sunday night, according to reports. Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to the CNBC report.Front-month West Texas Intermediate crude oil rose 0.9% to $91.34 a barrel, and the global benchmark Brent crude contract was advancing 1.5% to $94.51 a barrel. Henry Hub natural gas futures fell 2.9% to $3.14 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 2% after the company said it has acquired Armec, a manufacturing and engineering firm, to expand its capabilities in reactor and fuel manufacturing programs.Eni (E) and Petronas said they have launched a new 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia. Eni shares rose 1%.Alliance Resource Partners (ARLP) shares were fractionally higher after the company said Monday it has agreed to buy certain general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for about $206.2 million.

$ARLP$E$OKLO
Sectors

Sector Update: Energy

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding about 1%.The Philadelphia Oil Service Sector Index was climbing 3.4%, and the Dow Jones US Utilities Index was shedding 1.6%.Front-month West Texas Intermediate crude oil was rising 0.8% to $91.25 a barrel, and the global benchmark Brent crude contract was advancing 1.4% to $94.39 a barrel. Henry Hub natural gas futures fell 3.1% to $3.13 per 1 million BTU.In corporate news, Oklo (OKLO) shares gained 2.5% after the company said it has acquired Armec, a manufacturing and engineering firm, to expand its capabilities in reactor and fuel manufacturing programs.

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Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks declined late Tuesday afternoon with the NYSE Energy Sector Index falling 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.5%.The Philadelphia Oil Service Sector Index shed 0.2%, and the Dow Jones US Utilities Index rose 0.3%.West Texas Intermediate crude oil fell 2.7% to $93.96 a barrel, and global benchmark Brent rose 3.8% to $99.79 a barrel. Henry Hub natural gas futures was slightly lower at $2.91 per 1 million BTU.In corporate news, Occidental Petroleum (OXY) is acquiring a 10% stake in Exxon Mobil's (XOM) deepwater exploration block off the coast of Trinidad and Tobago, Reuters reported. Occidental shares were down 1.9%, and Exxon fell 3.1%.BP's (BP) board unanimously removed Albert Manifold as chair and director, effective immediately. BP shares fell 3.9%.Oklo (OKLO) shares jumped 4.5% after it said Tuesday it has been selected by the US Department of Energy, along with four other nuclear companies, for advanced talks under the surplus plutonium utilization program.Baker Hughes (BKR) shares rose 1.1% after it said it has extended its contract with Petrobras (PBR) to provide integrated well construction services in Brazil's Santos Basin. Petrobras shares were down 2.3%.

$BKR$BP$OKLO$OXY$PBR$XOM
Wire

Sector Update: Energy Stocks Fall Tuesday Afternoon

Energy stocks declined Tuesday afternoon with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index rose 0.5%.West Texas Intermediate crude oil fell 2.7% to $93.97 a barrel, and global benchmark Brent rose 3.7% to $99.69 a barrel. Henry Hub natural gas futures advanced 0.7% to $2.93 per 1 million BTU.In corporate news, BP's (BP) board unanimously removed Albert Manifold as chair and director, effective immediately. BP shares fell 4.4%.Oklo (OKLO) shares jumped 7.1% after it said Tuesday it has been selected by the US Department of Energy, along with four other nuclear companies, for advanced talks under the surplus plutonium utilization program.Baker Hughes (BKR) shares rose 1.4% after it said it has extended its contract with Petrobras (PBR) to provide integrated well construction services in Brazil's Santos Basin. Petrobras shares were down 2.1%.

$BKR$BP$OKLO$PBR
Wire

Oklo Sees Another Fuel Optionality From Surplus Plutonium Program, Wedbush Says

Oklo (OKLO) got another fuel pathway with its selection by the US Department of Energy for advanced talks under the surplus plutonium utilization program, Wedbush Securities said in a note Tuesday.The program is intended to convert surplus plutonium into fuel for advanced reactors under US security and safeguards requirements, with Oklo leading the utilization efforts in partnership with newcleo, which would bring fuel expertise and potential project capital, the investment firm said.Fuel supply remains one of the biggest bottlenecks for advanced reactor deployment and conversion of surplus plutonium into fuel could help de-risk fuel availability if the parties reach definitive agreements, according to the note.Wedbush maintained its outperform rating on Oklo, with a $110 price target.Shares of Oklo were up 6.6% in Tuesday trading.Price: $70.21, Change: $+4.33, Percent Change: +6.56%

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Research

JPMorgan Initiates Oklo at Neutral With $83 Price Target

Oklo (OKLO) has an average rating of overweight and mean price target of $91.97, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Commodities

Meta Partners With Overview Energy, Noon Energy for 1 GW of Space Solar Power, Storage

Meta Platforms (META) said Monday it has partnered with Overview Energy and Noon Energy to deliver up to 1 gigawatt of space solar energy and long-duration energy storage, to power its artificial intelligence infrastructure and data centers.Overview Energy's solar satellites will harness energy from space and beam it to solar facilities on Earth, "increasing the capacity of existing solar farms by enabling around-the-clock energy production," the company said.By utilizing existing solar and grid infrastructure, electricity from the technology is expected to come online faster at scale, compared with power from traditional buildouts.Meta said commercial delivery could begin as early as 2030, if an orbital demonstration planned for 2028 is successful.Meanwhile, Noon Energy's battery technology will use carbon-based storage, instead of the conventional lithium-ion batteries, to provide up to 1 GW, or 100 gigawatt-hours of ultra-long-duration energy storage capacity.The companies expect an initial 25 megawatt, or 2.5 GWh, pilot demonstration project to be completed by 2028.Meta said it has so far contracted more than 30 GW of clean and renewable energy to support its data center operations. It has partnered with Sage Geosystems and XGS Energy to develop next-generation geothermal energy, and has purchased 7.7 GW of nuclear energy from Vista (VST), TerraPower, Oklo (OKLO), and Constellation Energy (CEG).

$CEG$META$OKLO$VST
Commodities

US Bets on Small Nuclear as SMR Push Gains Momentum, EIA Says

The US is accelerating efforts to revive its nuclear power sector through a new generation of small modular reactors and microreactors, as policymakers seek to overcome hurdles that have stalled large-scale projects for decades, the Energy Information Administration said on Monday.EIA analysts told US utilities currently operate about 98 gigawatts of nuclear capacity, but expansion has been limited by capital intensity and regulatory hurdles.SMRs, which produce up to 300 megawatts per unit, are being positioned as a more flexible and cost-effective alternative to conventional reactors, which can generate between 550 MW and 1,500 MW.The EIA said that, unlike traditional plants, SMRs rely on modular, factory-built components that can be shipped and assembled on site, potentially shortening construction timelines and reducing financing risks.Microreactors, a smaller subset with capacities of 20 MW or less, are designed for deployment in remote locations, military bases, or industrial facilities and can operate independently of the main grid.The technology has drawn increased interest from developers of energy-intensive operations, such as AI data centers and advanced manufacturing, where reliable, around-the-clock power is critical, but grid connectivity may be constrained.Meanwhile, the EIA said a wide range of reactor designs is under development across the US, reflecting differing approaches to efficiency, fuel use, and industrial application.Light water-cooled SMRs, which mirror existing reactor technology, are among the closest to commercial deployment. These systems use conventional low-enriched uranium and are designed to provide scalable baseload power to the grid.More advanced concepts include high-temperature gas reactors, which use helium cooling and graphite moderation to reach temperatures suitable for industrial heat applications, including hydrogen production.EIA analysts said that some designs incorporate high-assay, low-enriched uranium or TRISO fuel, engineered to withstand extreme conditions.Molten salt reactors represent another emerging category, using liquid salts as fuel or coolant. Their high operating temperatures and inherent safety characteristics make them candidates for both electricity generation and industrial processes.Sodium-cooled fast reactors, meanwhile, replace water with a liquid-metal coolant, enabling operation at lower pressures and higher temperatures and potentially enabling more efficient fuel utilization.Federal backing for these technologies has intensified, the EIA said. The US Department of Energy reissued a $900 million funding call in 2025 to support SMR development, alongside launching the Energy Reactor Pilot Program to accelerate testing and deployment outside national laboratories.The US military is also emerging as an early adopter. The Department of Defense is exploring microreactors to enhance energy resilience at bases, particularly in remote or strategically sensitive regions.The Department of the Air Force plans to deploy its first microreactor at Eielson Air Force Base in Alaska by 2027, using a sodium-cooled design developed by Oklo (OKLO) that is expected to generate between 1 MW and 5 MW.The Army, through its Janus Program, is evaluating multiple bases for potential reactor siting, building on earlier work under Project Pele.Meanwhile, the Department of Energy is working to establish a domestic supply chain for advanced nuclear fuels, including HALEU, through its Fuel Line Pilot Program, an effort seen as critical to scaling next-generation reactors.Price: $72.97, Change: $+1.97, Percent Change: +2.78%

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Research

Tigress Financials Initiates Oklo at Buy With $130 Price Target

Oklo (OKLO) has an average rating of overweight and mean price target of $88.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $74.16, Change: $+3.16, Percent Change: +4.44%

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Research

HSBC Initiates Coverage on Oklo With Buy Rating, $96 Price Target

Oklo (OKLO) has an average rating of overweight and mean price target of $88.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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