7/102 sources · 2 publishersUpdated Oct 9, 10:12 UTC
Guggenheim initiates coverage of Centrus Energy with Buy rating and $167 price target
Guggenheim launched coverage of Centrus Energy, assigning a Buy rating and a $167 price target. The initiation pushed the stock up 0.04% to $147.20 in pre‑market trading. The firm cited the company's multi‑year HALEU supply contract with Antares Nuclear and a $3.9 billion revenue backlog as catalysts. The rating implies roughly 17.5% upside from the prior close.
Why it matters
Guggenheim’s note suggests the stock could rise about 17.5% from the October 8 close, which may attract additional institutional buying. The coverage adds to an existing consensus of eleven buy ratings, potentially supporting further price appreciation.
Key facts
- 1Guggenheim initiated coverage with a Buy rating and a $167 price target. investing.com
- 2Centrus Energy traded at $147.20 in pre‑market trading. investing.com
- 3The stock rose 0.04% in pre‑open trading. investing.com
- 4Centrus hit a 52‑week low of $135.75 on October 1. investing.com
- 5The 52‑week peak was $464.25. investing.com
- 6Centrus signed a multi‑year HALEU supply contract with Antares Nuclear in September 2026. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.