$LEU

Argus raised its target price for Centrus Energy Corp (LEU) to $146. The firm maintains a HOLD rating, with mixed subratings on industry, management, safety, financial strength, growth, and value.

Centrus Energy Corp. (LEU) stock rose 9.34% after securing two multi-year HALEU deals with Radiant and Antares Nuclear, which include prepayments. The company reported quarterly revenue of $176.1M and net income of $16.8M. LEU's P/E ratio is 72, and it carries significant debt but maintains a liquid balance sheet. The stock's recent surge is driven by long-term contracts and expansion plans, despite a $500M securities offering that caused short-term dilution.

The U.S. Department of Energy granted Vistra Corp (NYSE:VST) a $4.2 billion loan for nuclear plant upgrades, boosting nuclear stocks. Vistra's shares rose 11%, and Centrus Energy (NYSE:LEU) gained 11.3%. The loan aims to extend plant life and add 433 MW capacity. Centrus, a nuclear fuel supplier, may not directly benefit as Vistra is not a confirmed customer.

Centrus Energy (NYSE:LEU) supplies enriched uranium fuel for nuclear reactors, including those developed by Oklo (NYSE:OKLO) and NuScale. It recently announced a joint venture with Oklo. Centrus reported Q2 revenue of $176.1M, up 14% YoY, and net income of $16.8M. The company has a $4.5B backlog through 2040, including a $900M deal with the U.S. Department of Energy.

DOE officials urged Centrus Energy, General Matter, and Orano to speed up uranium enrichment projects. The US banned Russian uranium imports in 2022, with waivers expiring in 2028. The DOE awarded $900 million each to these companies to boost domestic enrichment capacity. Centrus and General Matter have signed supply contracts with advanced reactor developers.

Centrus Energy (LEU) is positioning itself as a key supplier of high-assay, low-enriched uranium (HALEU), a specialized fuel for next-generation nuclear reactors. The U.S. ban on Russian uranium imports is driving domestic production, with Centrus investing in its Ohio and Tennessee facilities. The company has secured a $900 million Department of Energy contract to expand HALEU production, with agreements in place with advanced reactor developers.

Argus raised its target price for Centrus Energy Corp. (LEU) to $150. The firm maintains a HOLD rating, with mixed subratings on industry, management, safety, financial strength, growth, and value.

South Korea and Japan are reportedly considering investments in U.S. nuclear reactor projects, with South Korea potentially building up to eight reactors and Japan investing in small modular reactors (SMRs). The projects are supported by fuel chain coordination among the three nations, with potential investments totaling billions. Key companies involved include Cameco (CCJ), GE Vernova (GEV), and Hitachi (6501.T).

Centrus Energy (LEU) signed a multi-year HALEU supply deal with Antares Nuclear, with deliveries starting before 2030. The contract includes prepayments to support Centrus' expanded production capacity. The deal adds to Centrus' $4.5B backlog but lacks near-term financial impact. LEU shares were held by 28 hedge funds in Q2 2026, down from 34 in the prior quarter.

U.S. nuclear stocks surged after the House passed the Ratepayers Protection Act, which shifts power upgrade costs to data centers. Oklo (OKLO) rose 11%, NuScale (SMR) gained 9%, Nano Nuclear (NNE) up 8.5%, Centrus (LEU) rose 8%, and X-Energy (XE) closed 12% higher. The bill may boost demand for nuclear power solutions for AI data centers.