Tag: Energy

  • Trading Record: 4-Jun-2024 OKLO Entry @ $9.9

    Trading Record: 4-Jun-2024 OKLO Entry @ $9.9

    Discussion

    As discussed in an other (testing) article earlier, Oklo Inc. is a company based in Santa Clara, California, that is working on advanced fission power plants. Their goal is to provide clean, reliable, and affordable energy using next-generation fast reactor technology based on their development and deployment SMRs.

    Oklo wrote in their X (Twitter) page: “This week, the @WhiteHouse issued a fact sheet detailing recent actions taken to support the growth of both existing and new nuclear energy. Oklo is proud of our long-standing and many partnerships with the @GovNuclear including fabricating fuel and having a site use permit for our first plant, and on fuel recycling.”

    What is the Fact Sheet by the White House about?

    Nuclear power has long been a significant contributor to clean energy in the United States, accounting for 19% of total energy production last year. The industry provides jobs for nearly 60,000 workers and supports hundreds of thousands more.

    As the U.S. energy system undergoes transformative changes, the Biden-Harris Administration aims to achieve a carbon-free electricity sector by 2035 while ensuring affordable, reliable power for consumers.

    Alongside wind and solar, new nuclear reactor designs are gaining attention for their ability to produce clean energy. The Administration’s efforts include reducing reliance on Russian uranium, extending the service lives of existing reactors, and promoting new deployments. Decarbonizing the power system remains a critical challenge, requiring expertise and innovation .

    To be continued…

    Setup Summary

    DateTickerActionReferenceReference PriceJustificationPositionPriceSizeStop LossRisk ToleranceRisk Exposure%Risk Exposure$
    4/6/2024OKLOEntrySpeculationn/aSpeculation10009.99,9009Around 10%-9.09%-$900.00

    My Personal Trading Record :

    https://docs.google.com/spreadsheets/d/1Fet2gtENwYOVUggm4n4kovbrzdKcbphP7jHsF0V9GOo/edit?usp=drive_link

  • Trading Record: 28-May-2024 MP Materials Corp. (MP) Entry @ $17.05

    Trading Record: 28-May-2024 MP Materials Corp. (MP) Entry @ $17.05

    Note: This post is written for my personal trading record purpose only, so this should not be taken as any form of investment advice or guidance to follow. Discussion is welcome, while you must do your own research for our own risks.

    MP Materials Corp. (Credit: Forbes)

    Discussion

    MP Materials Corp ($MP) experienced continuous downtrend after it topped in early April 2022. In early May 2024, MP successfully cleared the 20-week moving average with an extended pocket pivot on 14th May 2024, which might mark an institution buying.

    However, the pocket pivot breakout did not follow through and failed immediately on 14th May 2024, with a volume higher than average.

    After around a week of selling and consolidation, MP experienced a volume dry-up and closed above 20MA on 24th May 2024, which might indicate a low selling pressure and support at the 20MA.

    Accordingly, an initial position is setup using the 20MA – 2% as the tight selling guide with a maximum risk exposure up to -$320.

    Setup Summary

    DateTickerActionReferenceReference PriceJustificationPositionPriceSizeStop LossRisk ToleranceRisk Exposure%Risk Exposure$
    28/5/2024MPEntry20MA$17.00Volume contract at 20MA T-1800$17.0513,64016.6520MA-2%-2.35%-$320.00
    MP Materials Corp. (MP) Setup Summary

    Chart

    MP Materials Corp. (MP) Chart

    My Personal Trading Record :

    https://docs.google.com/spreadsheets/d/1Fet2gtENwYOVUggm4n4kovbrzdKcbphP7jHsF0V9GOo/edit?usp=drive_link

  • (2) What is OKLO? | How does its IPO perform?

    (2) What is OKLO? | How does its IPO perform?

    Oklo rang the opening bell at the NYSE (Credit: Oklo Twitter)

    “With exceptionally low redemptions, >$300M in capitalisation, and dedicated founders and key investors locked up for up to 3 years, we can’t wait for what’s next on our mission to provide clean, reliable, affordable power!” Oklo posted in its X (former Twitter) page.

    Oklo has been listed and trading under the ticker $OKLO via its merger with the special vehicle AltC Acquisition Corp in NYSE earlier in May 2024, while its stock price slumped hard by more than 50% in the first day. The brutal downturn should have triggered lots of disappointment from its shareholders and long term holders of the former ALCC. Some shareholders and market players even argued this is a scam or shell company as there is so far no actual earning or business doing, as Oklo has not yet deployed its SMRs to any of its partners signing the recent agreements or memorandums.

    In its latest update in X (or Twitter), Oklo posted the the team ringing the opening bell at the NYSE exchange on 24th May 2024, which seemingly symbolised a opening of new page of the company’s vision and mission in the nuclear energy industry.

    The company suggested in its X post that there is so far low in redemptions as the key founders and investors’ positions would be locked for up to 3 years. This should have eliminated part of the market’s concern over insiders selling over the past few days of vigours sell off. With more than $300 million in capitalisation, the company looks forward to work on their mission to provide clean, reliable yet economical nuclear power to its clients and the world, via its development and deployment of Small Modular Reactors (SMRs).

    Net Worth Projection of the SMRs market by 2032 (Credit: Precedence Research)

    According to a research released by Precedence Research, the net worth of the SMRs industry is expected to grow to more than $8 billion by 2032. Asia Pacific region is expected to expand at the faster compound annual growth rate (CARG) from 2023 to 2032.

    Based on the snapshot at 2022, heavy water reactors have dominated the industry by Reactor Type, while the application is mostly on power generation segment.

    Is Oklo the next unicorn in the market? How shall we interpret its IPO performance? What should we do if we would like to take a part? We will take about the stock performance of OKLO, entry setup and risk management.

  • (1) What is OKLO? | What are SMRs?

    (1) What is OKLO? | What are SMRs?

    Oklo (Nasdaq: OKLO), a nuclear energy unicorn company, recently debuted on the New York Stock Exchange via a SPAC merger called AltC Acquisition Corp, which is backed by OpenAI’s Sam Altman. The company aims to build on previous nuclear energy innovations by producing small-scale reactors, known as SMRs.

    An artist rendering of Oklo’s Aurora powerhouse (Credit: Oklo)

    Oklo’s major plan is to development, build and operate Small Modular Reactors, or SMRs, based on traditional nuclear fission technology while under a more economical scale than the traditional nuclear power plants that commonly known for.

    SMRs are small-sized nuclear fission reactors which are relatively more flexible yet efficient than traditional nuclear reactors. The reactors are modularly built which allows users to combine, arrange and operate them by series or segments instead of one single unit or nuclear power plant.

    OKLO’s Small Module Reactors (SMRs) (Credit: Oklo)

    Such modularized design and system could provide greater flexibility and scalability in even lower costs, which is more superior and feasible than traditional options in existing nuclear industry. Some experts even regard SMRs as the transitional technology until human could make nuclear fusion generated energy possible and economical.