The companies will supply energy to Meta's data center campus in Ohio
The shares of Oklo Inc (NYSE:OKLO) and Vistra Corp (NYSE:VST) are surging this morning, after both nuclear energy companies announced a 20-year deal with Meta Platforms (META) to provide power for its hyperscaler data center campus in Ohio.
OKLO was last seen up 14.5% to trade at $111.79, eyeing its best single-day percentage pop since Oct. 13. The equity earlier hit its highest level since November, with its 200-day moving average stepping up as support to start the year. Over the last nine months, Oklo stock has added a whopping 390%.
VST is up 13.6% to trade at $110.85 at last glance, now on track for its best day since April 9. Yesterday the stock traded at its lowest level since late May, but today's rally has Vistra reclaiming its 320-day moving average. VST sports a 54% nine-month lead.
OKLO and VST are attracting unusual attention in the options pits today, with six times the intraday average amount exchanged so far for the former, and five times for the latter. Most active for OKLO is the January 120-strike call, and for the latter it's the weekly 1/9 165-stirike put, with new positions being bought to open at both.