MSEX

Middlesex Water Company

69
Fundamentals77/ 100
Valuation75/ 100
Upside potential65/ 100
Risk potential13/ 100

MSEX's fundamentals are strong and it looks cheap: trading at 21x earnings, below its usual 32x. Analysts expect earnings growth.

OKLO

Oklo Inc.

There isn't enough reported data to score OKLO yet.

MSEX Fundamentals

MetricStatus
Healthy
Strong
Strong
Weak

MSEX's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.

OKLO Fundamentals

MetricStatus
Unavailable
Weak
Unavailable
Unavailable

OKLO's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and balance sheet.

MSEX PE Valuation

CHEAPFAIREXPENSIVE15x29x44x59x
CHEAPFAIREXPENSIVE15x29x44x59x
LevelPEPriceVs current
Current21x$57.28โ€”
Forward21x$57.28โ€”
Cheap23x$62.55+9.2%
Fair32x$88.02+54%
Expensive39x$108+89%

Historical ranges are pointers, not guarantees.

MSEX's PE is in its cheap range at 20.7x. On analysts' estimates for next year's earnings, today's price would be 20.8x.

OKLO PE Valuation

OKLO has no meaningful PE right now: it lost money over the past year.

MSEX Forward outlook

MetricOutlook
Stable
Growth
Growth
Stable
Limited
High

Analysts expect earnings and revenue growth for MSEX, with profitability holding steady.

OKLO Forward outlook

MetricOutlook
--
Losses growing
Strong growth
--
Limited
Low

Analysts expect OKLO's losses to grow, with revenue growing. However, they disagree widely on these estimates.

MSEX Risk to reward

ScenarioChangePrice
Upside+24%$71.00
Downside-13%$49.76

Calculated from the latest close: $57.28 on Nov 12.

There is not enough scenario data to compare MSEX and OKLO's risk to reward.

OKLO Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $24.45 on Nov 12.

There is not enough scenario data to compare MSEX and OKLO's risk to reward.

MSEX Earnings Per Share

Q4 2023: $1.76Q1 2024: $2.02Q2 2024: $2.06Q3 2024: $2.30Q4 2024: $2.47Q1 2025: $2.41Q2 2025: $2.42Q3 2025: $2.39Q4 2025: $2.36Q1 2026: $2.40Q2 2026: $2.59Q3 2026: $2.77Forward: $2.76
Q4 2023: $1.76Q1 2024: $2.02Q2 2024: $2.06Q3 2024: $2.30Q4 2024: $2.47Q1 2025: $2.41Q2 2025: $2.42Q3 2025: $2.39Q4 2025: $2.36Q1 2026: $2.40Q2 2026: $2.59Q3 2026: $2.77Forward: $2.76
QuarterTTM EPSYoY
Forward$2.76-0.5%
Q3 2026$2.77+16%
Q2 2026$2.59+7%
Q1 2026$2.40-0.4%
Q4 2025$2.36-4.5%
Q3 2025$2.39+3.9%
Q2 2025$2.42+17%
Q1 2025$2.41+19%
Q4 2024$2.47+40%

MSEX has the edge over OKLO in the latest year-over-year earnings comparison.

OKLO Earnings Per Share

Q1 2025: $-0.52Q2 2025: $-0.41Q3 2025: $-0.53Q4 2025: $-0.72Q1 2026: $-0.84Q2 2026: $-0.94Q3 2026: $-0.96
Q1 2025: $-0.52Q2 2025: $-0.41Q3 2025: $-0.53Q4 2025: $-0.72Q1 2026: $-0.84Q2 2026: $-0.94Q3 2026: $-0.96
QuarterTTM EPSYoY
Q3 2026-$0.96-$0.43
Q2 2026-$0.94-$0.53
Q1 2026-$0.84-$0.32

OKLO lost $0.96 per share over the past year, a bigger loss than the year before.

MSEX Quarterly Revenue

Q4 2023: $39MQ1 2024: $40MQ2 2024: $49MQ3 2024: $55MQ4 2024: $47MQ1 2025: $44MQ2 2025: $49MQ3 2025: $54MQ4 2025: $47MQ1 2026: $49MQ2 2026: $56MQ3 2026: $60M
Q4 2023: $39MQ1 2024: $40MQ2 2024: $49MQ3 2024: $55MQ4 2024: $47MQ1 2025: $44MQ2 2025: $49MQ3 2025: $54MQ4 2025: $47MQ1 2026: $49MQ2 2026: $56MQ3 2026: $60M
QuarterRevenueYoY
Q3 2026$60.2M+11%
Q2 2026$56.4M+14%
Q1 2026$48.7M+10%
Q4 2025$47M-0.3%
Q3 2025$54.1M-1.8%
Q2 2025$49.3M+0.4%
Q1 2025$44.3M+9.3%
Q4 2024$47.1M+22%

MSEX's revenue is growing: $60M last quarter, up 11% from the same quarter a year ago.

OKLO Quarterly Revenue

Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: --Q4 2025: --Q1 2026: --Q2 2026: $1MQ3 2026: $2M
Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: --Q4 2025: --Q1 2026: --Q2 2026: $1MQ3 2026: $2M

OKLO and MSEX do not have enough comparable growth data to identify a winner.

MSEX Free Cash Flow

Q4 2023: โˆ’$4MQ1 2024: โˆ’$8MQ2 2024: โˆ’$3MQ3 2024: โˆ’$1MQ4 2024: โˆ’$4MQ1 2025: $14MQ2 2025: $18MQ3 2025: $12MQ4 2025: $18MQ1 2026: $12MQ2 2026: $16MQ3 2026: $23M
Q4 2023: โˆ’$4MQ1 2024: โˆ’$8MQ2 2024: โˆ’$3MQ3 2024: โˆ’$1MQ4 2024: โˆ’$4MQ1 2025: $14MQ2 2025: $18MQ3 2025: $12MQ4 2025: $18MQ1 2026: $12MQ2 2026: $16MQ3 2026: $23M
QuarterFree cash flowYoY
Q3 2026$22.9M+90%
Q2 2026$16.4M-10%
Q1 2026$11.7M-15%
Q4 2025$18.5M+$22.2M
Q3 2025$12M+$13.3M
Q2 2025$18.3M+$21.4M
Q1 2025$13.8M+$21.5M
Q4 2024-$3.7M+$562K

MSEX has the edge over OKLO on cash generation, producing positive trailing cash flow while its opponent burns cash.

OKLO Free Cash Flow

Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: โˆ’$8MQ4 2024: โˆ’$14MQ1 2025: โˆ’$13MQ2 2025: โˆ’$19MQ3 2025: โˆ’$23MQ4 2025: โˆ’$60MQ1 2026: โˆ’$51MQ2 2026: โˆ’$142MQ3 2026: โˆ’$199M
Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: โˆ’$8MQ4 2024: โˆ’$14MQ1 2025: โˆ’$13MQ2 2025: โˆ’$19MQ3 2025: โˆ’$23MQ4 2025: โˆ’$60MQ1 2026: โˆ’$51MQ2 2026: โˆ’$142MQ3 2026: โˆ’$199M
QuarterFree cash flowYoY
Q3 2026-$199.5M-$176.4M
Q2 2026-$141.7M-$122.3M
Q1 2026-$50.7M-$38.1M
Q4 2025-$60.4M-$46.8M
Q3 2025-$23.1M-$15.1M

OKLO has burned cash in almost every quarter: โˆ’$452M over the past year, against โˆ’$69M the year before.

MSEX Total Shares

Q1 2024: 18MQ2 2024: 18MQ3 2024: 18MQ4 2024: 18MQ1 2025: 18MQ2 2025: 18MQ3 2025: 18MQ4 2025: 18MQ1 2026: 19MQ2 2026: 19MQ3 2026: 19M
Q1 2024: 18MQ2 2024: 18MQ3 2024: 18MQ4 2024: 18MQ1 2025: 18MQ2 2025: 18MQ3 2025: 18MQ4 2025: 18MQ1 2026: 19MQ2 2026: 19MQ3 2026: 19M
PeriodChange %Net change
Quarterly+1.5%+289K shares
1 year+4.8%+872K shares
3 years+7.5%+1.3M shares
5 years+8.4%+1.5M shares

MSEX has the edge over OKLO on shareholder dilution, with a more favorable share count trend.

OKLO Total Shares

Q2 2024: 100MQ3 2024: 122MQ1 2025: 138MQ2 2025: 140MQ3 2025: 150MQ4 2025: 146MQ1 2026: 170MQ2 2026: 176MQ3 2026: 189M
Q2 2024: 100MQ3 2024: 122MQ1 2025: 138MQ2 2025: 140MQ3 2025: 150MQ4 2025: 146MQ1 2026: 170MQ2 2026: 176MQ3 2026: 189M
PeriodChange %Net change
Quarterly+7%+12.4M shares
1 year+25%+38.2M shares

OKLO has 189M diluted shares, up 25% from a year ago.

MSEX Net Leverage

Q4 2023: 5.9xQ1 2024: 10.3xQ2 2024: 9.6xQ3 2024: 9.0xQ4 2024: 8.7xQ1 2025: 8.3xQ2 2025: 8.4xQ3 2025: 4.2xQ4 2025: 4.4xQ1 2026: 4.3xQ2 2026: 4.4xQ3 2026: 4.1x
Q4 2023: 5.9xQ1 2024: 10.3xQ2 2024: 9.6xQ3 2024: 9.0xQ4 2024: 8.7xQ1 2025: 8.3xQ2 2025: 8.4xQ3 2025: 4.2xQ4 2025: 4.4xQ1 2026: 4.3xQ2 2026: 4.4xQ3 2026: 4.1x
QuarterNet LeverageStatus
Q3 20264.1xHigh
Q2 20264.4xHigh
Q1 20264.3xHigh
Q4 20254.4xHigh
Q3 20254.2xHigh
Q2 20258.4xHigh
Q1 20258.3xHigh
Q4 20248.7xHigh

MSEX's net debt is about 4.1 years of its operating earnings (EBITDA), about the same as a year ago.

OKLO Net Leverage

OKLO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

MSEX Weekly Momentum

MetricValueStatus
RSI54.3Neutral
Stochastic71.4Neutral

MSEX's weekly RSI is 54 (neutral) and its Stochastic is 71 (neutral).

OKLO Weekly Momentum

MetricValueStatus
RSI30.2Neutral
Stochastic13.1Oversold

OKLO's weekly RSI is 30 (neutral) and its Stochastic is 13 (oversold).

MSEX PE vs Utilities Sector

MetricMSEXSector medianRelative
PE21x20x1.3% above
PE %14443 pts below

MSEX is trading at 21x earnings, in line with the Utilities sector's median of 20x.

OKLO PE vs Utilities Sector

OKLO has no meaningful PE right now: it lost money over the past year.

MSEX Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$55.63% above
20 week MA$56.61.2% above
50 week MA$54.25.7% above
100 week MA$54.84.5% above
200 week MA$60.85.7% below

MSEX has the edge over OKLO on trend strength, trading above more of its moving averages.

OKLO Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$29.517% below
20 week MA$37.435% below
50 week MA$56.657% below
100 week MA$59.459% below
200 week MA$35.231% below

OKLO is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.

MSEX Yearly ROI

YearStart priceEnd priceROI
2020$63.5$71.2+12%
2021$71.2$112.4+58%
2022$112.4$86.1-23%
2023$86.1$65.6-24%
2024$65.6$52.9-19%
2025$52.9$51.5-2.7%
2026 YTD$51.5$57.3+11%

MSEX has the edge over OKLO on returns for 2026, with the stronger performance.

OKLO Yearly ROI

YearStart priceEnd priceROI
2021$10.1$9.79-2.6%
2022$9.79$9.88+0.9%
2023$9.88$10.6+6.9%
2024$10.6$22.8+116%
2025$22.8$76.9+238%
2026 YTD$76.9$24.5-68%

OKLO is down 68% so far in 2026, after finishing higher in four of the previous five years.

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