Nuclear power, once beloved, became hated after high-profile power plant accidents starting in 1979. But now, given better safety practices, increasing power needs for AI, automation etc., and pressing concerns for clean sustainable power, it's been roaring back into vogue. Centrus has been a big distributor of “enriched” uranium, which makes nuclear power possible.
LEU wins its third award from the U.S. Department of Energy this year for domestic uranium enrichment.
The export license of LEU's Russia-based supplier TENEX has been revoked. Let us find out the implications for the company and how investors should react to the LEU stock.
Centrus Energy is the only U.S. company capable of producing HALEU, essential for current and future reactors, giving it a massive competitive edge. Recent geopolitical shifts and partnerships, like with KHNP, bolster Centrus' reputation and future revenue, positioning it for significant growth in the U.S. uranium market. Despite recent stock fluctuations, Centrus' valuation remains attractive at less than 0.4x its backlog, with a growing backlog indicating strong demand.
Centrus Energy Corp. (NYSE:LEU ) Q3 2024 Results Conference Call October 29, 2024 8:30 AM ET Company Participants Dan Leistikow - Vice President, Corporate Communications Amir Vexler - President and Chief Executive Officer Kevin Harrill - Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Capital Joseph Reagor - Roth Capital Partners Ryan Pfingst - B. Riley Operator Greetings, and welcome to Centrus Energy Third Quarter 2024 Earnings Conference Call.
Centrus Energy Corp. (LEU) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of $0.18. This compares to earnings of $0.52 per share a year ago.
Centrus Energy (LEU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Nuclear energy stocks and uranium companies have skyrocketed over the last month as Wall Street dives into the stocks that will power the artificial intelligence (AI) age.
Shares of Centrus Energy Corp (LEU, Financial) surged 7.56% in mid-day trading on Oct 2. The stock reached an intraday high of $64.70, before settling at $64.31, up from its previous close of $59.79.
Centrus Energy (LEU) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Centrus Energy (LEU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The Federal Reserve didn't just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.