Centrus Energy posted Q2 2026 revenue of $176.1 million, up 14% from the previous year, driven by increased uranium sales and new contracts. The company signed a $900 million High-Assay, Low-Enriched Uranium (HALEU) enrichment contract with the U.S. Department of Energy, boosting its backlog to $4.5 billion. Despite a GAAP net income decline to $16.8 million, adjusted net income rose to $38.7 million, reflecting strong operational progress and strategic investments in uranium enrichment capacity expansions. Centrus plans to complete its first new centrifuge by year-end 2026 and increase hiring at its Ohio and Tennessee facilities, positioning itself to capitalize on growing demand for nuclear fuel.
Centrus Energy, a key nuclear fuel supplier, faces stock volatility with a 28% decline in 2026 but holds a potential 21.94% upside as per analyst Stephen Gengaro's $216 price target. Despite this, the stock trades 150.5% above its intrinsic value and...
Nuclear-related stocks, including Uranium Energy, NuScale Power, and Oklo, rose sharply Tuesday despite little new company-specific news. Uranium Energy led with a 6% gain, followed by NuScale and Oklo each up about 5%, while the broader market showe...
Centrus Energy is expanding its uranium enrichment facility in Piketon, Ohio, with support from state and federal leaders, including Governor Mike DeWine. This multi-billion-dollar project aims to strengthen America's domestic nuclear fuel supply cha...
