Hertford County announces major manufacturing milestone. Oklo and U.S. Forged Rings enter strategic agreement. US Forged Rings CEO and President Giacomo Sozzi is shown announcing his company's plans to build a manufacturing facility along River Road in Hertford County. The formal announcement was made in late February at Roanoke-Chowan Community College, an event attended by local, regional, and state officials. File Photo / Cal Bryant From Business Wire WINTON - Hertford County is gaining national attention as U.S. Forged Rings, Inc. (USFR) announces a strategic manufacturing agreement with Oklo, Inc., an advanced nuclear technology company, to support the future production of components for Oklo's Aurora powerhouses. Under the agreement, Oklo will reserve manufacturing capacity at U.S. Forged Rings' planned industrial campus on River Road in Hertford County. The agreement, as announced on Friday in an online article published by Business Wire, represents an important step toward establishing domestic manufacturing capabilities for large, specialized components used in advanced nuclear energy systems. US Forged Rings CEO and President Giacomo Sozzi emphasized the importance of the partnership and the company's vision for domestic manufacturing. "Our planned North Carolina campus is designed to bring that capability back to the United States, from liquid steel to finished, inspected components. Oklo's decision to reserve capacity well ahead of need is the kind of early commitment that makes domestic heavy manufacturing possible. We're excited to work with Oklo on the capabilities needed for future Aurora powerhouse deployments," said Sozzi. The planned manufacturing campus will bring together several industrial processes, including casting, forging, ring rolling, heat treatment, machining, fabrication and inspection. Components produced through this partnership are expected to include large reactor vessels, lids and supporting structures. Don't miss the news! Hertford County Board of Commissioners Chairman Andre Lassiter welcomed the announcement and the potential opportunities it represents for the county and its residents. "We are proud to see Hertford County play a role in advancing domestic manufacturing. This project represents an exciting opportunity to strengthen our local economy, create new possibilities for our residents and future generations, and bring lasting benefits to our entire region," Lassiter stated. The planned U.S. Forged Rings campus is being developed as a more than 2,000-acre industrial site designed to serve multiple industries, including nuclear energy, natural gas, power generation, defense and shipbuilding. This agreement between USFR and Oklo, Inc. highlights the growing role Hertford County is positioned to play in advanced manufacturing and the nation's domestic energy supply chain. In late February of this year, USFR announced the largest economic development project in Hertford County's history. The company will build a large-scale manufacturing facility, representing an investment of up to $875 million over three phases and bringing up to 625 new jobs in its first two phases alone. The average annual wage is projected at $80,000, significantly above the current county average of $47,917. The facility will be located adjacent to Nucor Steel along the Chowan River and is backed by an industrial group with more than 40 years of global experience in steel fabrication and forging. Nucor will sell steel plate to USFR.

Oklo jumps 19% on narrower-than-expected loss as nuclear stocks rebound; NuScale Power surges 15%, Nano Nuclear Energy jumps 9%. Oklo is sitting on billions in cash and building in Idaho, yet one missing number and one nonbinding Meta deal keep its rebound on shaky ground. Here is what the nuclear rally is hiding. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A better-than-feared quarter and a sector-wide relief rally are lifting Oklo (NYSE:OKLO | OKLO Price Prediction) off its lows. Oklo stock is at $22.93, up 19% in morning trading. Even after that jump, the stock is down 68% year to date. Oklo's slide deepened after the Democrats' midterm sweep, and the stock set a new 52-week low before the rebound. Much of the jump looks like an unwind of that election-driven selling, as artificial intelligence power and nuclear names bounce together, and Oklo still has to prove it can turn its cash and construction progress into a priced plant and a binding customer contract. Oklo's narrower loss comes with a bigger cash pile. Key data−. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Results for Oklo's Q3 2026, discussed on a call held before the open on November 6, showed a loss per share narrower than analysts expected. Oklo's operating loss edged down from the second quarter's $73.2 million, and interest income on its cash helped hold the net loss to $41.7 million. The company's revenue came in at $1.86 million. Cash at Oklo reached $3.13 billion at September 30, up from $3 billion at the end of June. Stock sales keep that buffer growing, and the company raised $2.3 billion through at-the-market offerings in the first three quarters of 2026. On the call, Oklo CEO Jacob DeWitte spoke. He stated, "We're building reactors, we've built a reactor, we have fuel secured, we've operated a reactor, and we have the capital to keep going." Construction at Oklo's Aurora site in Idaho has moved into structural work, and the Department of Energy has approved the project's preliminary safety analysis. Management targets the plant coming online in 2028 to 2029. A new agreement with U.S. Forged Rings reserves Oklo capacity equal to 27 Aurora modules for large components across 2030 through 2035. NuScale Power and Nano Nuclear Energy join the rebound. NuScale Power (NYSE:SMR) stock is at $5.04, up 15%. Over the past month, NuScale stock is down 37%. Released November 5, NuScale's Q3 results showed a loss of $0.11 per share that was smaller than the consensus estimate, even as quarterly revenue fell to $281,000. CEO John Hopkins pointed to a new fabrication deal with Doosan Enerbility, saying, "We are no longer simply designing and planning. We are manufacturing." Nano Nuclear Energy (NASDAQ:NNE) stock is at $10.52, up 9%. Nano Nuclear stock has lost 36% over the past month. That gain trails both Oklo and NuScale, and the micro-reactor developer's move tracks its peer group. Now available: The Definitive Guide to Retirement Income. Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years. That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here" Broader risk appetite helped, as the October jobs report, released November 6, beat expectations with 165,000 jobs added and unemployment ticking down to 4.1%. With Oklo, NuScale and Nano Nuclear all coming off steep one-month slides, some buyers may simply be betting on a short-term rebound. How Oklo's business model differs from its nuclear peers. Oklo plans to own and operate its Aurora powerhouses and sell electricity and heat, while also building fuel fabrication, fuel recycling and isotope businesses. NuScale follows an equipment-supplier model, looking to sell its factory-built power modules through partners such as ENTRA1 Energy, while Nano Nuclear is a pre-revenue micro-reactor developer, putting it in the same development stage as both larger peers. Equity raises fund most of that work at both Oklo and NuScale. Constellation Energy (NASDAQ:CEG) offers the sharpest contrast. It is the largest nuclear operator in the U.S. A big operating fleet and long-term corporate power contracts give that utility earnings today, while Oklo and its developer peers are still spending ahead of commercial operation. Investors looking across the whole restart, from operators to fuel suppliers, can see the five names we mapped out in a free nuclear report. What Oklo still has to prove after the rebound. The next test for Oklo is whether it releases a cost estimate for its first Aurora plant. Oklo's Ohio agreement with Meta Platforms (NASDAQ:META) supports a planned campus of up to 1.2 gigawatts, though management said the deal isn't currently binding to build the reactor. Turning that into a signed power contract could give Oklo stronger revenue visibility. Bulls can point to a deep cash buffer, steel rising in Idaho and a federal safety approval for Aurora. On the other hand, Oklo's spending through the end of the decade could mean more stock sales and dilution for shareholders. Key signals to watch for are Oklo's financing plans and any signed contract with Meta. Investors may want to stay cautious until the Aurora cost question resolves. Released: The Definitive Guide to Retirement Income. (Sponsor) Most people spend their entire working lives focusing on one thing: growing a pile of money. Then they retire and discover the skill they actually need is close to the opposite. Turning that pile into steady income, year after year, through good markets and bad, without ever running out. It may be the least discussed and most consequential transition in personal finance, and plenty of otherwise careful investors walk into it with no real plan. That is exactly what The Definitive Guide to Retirement Income helps answer. It is a free guide from Fisher Investments covering what your retirement will really cost, where the cash flow should come from, and how much you can safely withdraw each year. Learn more here. Learn More Here" Disclaimer: Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. Guides are provided by Fisher Investments. The publisher may be compensated when readers request a guide. David Moadel David Moadel is financial writer specializing in stocks, ETFs, options, precious metals, and Bitcoin. 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Oklo shares jumped 16% after the nuclear power startup reported a third-quarter loss of $0.22 a share, narrower than analysts expected. The stock had fallen 10% the day after the midterm elections and hit a new 52-week low. Peers rose too. NuScale Power gained 13% and Bloom Energy 10%, the latter with no news, which suggests much of the move is a sector rebound. Oklo's operating loss was about $71 million, against $73.2 million in the second quarter. Its cash grew to $3.13 billion from $3.0 billion. Analysts expect about $6.3 billion of burn from 2026 through 2030, twice Oklo's cash, so more stock sales look likely. Oklo still needs to give a cost for its first Aurora plant and win a binding power contract with Meta.