7/102 sources · 2 publishersUpdated Oct 28, 20:34 UTC
Texas Capital initiates coverage of Centrus Energy with Buy rating and $151 price target
Texas Capital Securities began coverage of Centrus Energy Corp. with a Buy rating and a $151 price target, calling the domestic nuclear enrichment buildout essential. The announcement sent the stock up about 11% in trading. The firm also noted Centrus' recent acquisition of Westerman Holdings for roughly $116 million and a strong balance sheet with a current ratio of 5.39.
Why it matters
The lower target and Buy rating sparked an 11% rally, indicating renewed investor interest. The acquisition expands Centrus' manufacturing platform, potentially supporting future capacity growth.
Key facts
- 1Texas Capital set a price target of $151.00 for Centrus Energy. investing.com
- 2Centrus shares rose 11% after the coverage initiation. finance.yahoo.com
- 3Centrus stock was trading at $98.44 at the time of the report. investing.com
- 4Centrus acquired Westerman Holdings for approximately $116 million, funded with cash and equity. investing.com
- 5Centrus reported a current ratio of 5.39. investing.com
- 6Analysts expect Centrus revenue to stay under $500 million through 2028. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.