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Centrus Energy - LEU STOCK NEWS

Welcome to our dedicated page for Centrus Energy news (Ticker: LEU), a resource for investors and traders seeking the latest updates and insights on Centrus Energy stock.

Overview

Centrus Energy Corp (LEU) is a prominent American company specializing in the supply of nuclear fuel and innovative technical solutions to the nuclear power industry. As a key player in the field of nuclear fuel and uranium enrichment, Centrus leverages advanced centrifuge technology to produce low enriched uranium (LEU) and high assay low-enriched uranium (HALEU) to support both existing reactor fleets and advanced reactor designs. The company is committed to restoring domestic uranium enrichment capabilities by deploying state-of-the-art, American-made technologies that drive robust and secure energy solutions.

Core Business and Operations

Centrus Energy operates through two primary divisions. The Low-Enriched Uranium (LEU) segment focuses on the procurement, processing, and sale of separative work units and uranium. This segment is fundamental to fulfilling multi-year contracts with utility customers, thereby ensuring a steady supply of enriched uranium necessary for power generation. In parallel, the Technical Solutions segment provides advanced engineering, design, and manufacturing services, supporting both government and commercial clients. This dual approach not only reinforces the company’s role in the nuclear energy ecosystem but also fortifies its reputation for technical innovation and reliability.

Technological Leadership and Manufacturing Capabilities

Centrus is at the forefront of advanced centrifuge technology, an innovation integral to modern uranium enrichment processes. By utilizing sophisticated, American-made centrifuge technology, the company is working diligently to re-establish a domestic uranium enrichment supply chain that reduces dependency on foreign sources. Its Technology and Manufacturing Center in Oak Ridge, Tennessee, stands as a testament to its commitment, hosting state-of-the-art manufacturing capabilities and supported by a robust nationwide network of suppliers. This strategic manufacturing model not only underscores the company’s engineering expertise but also enhances its ability to respond swiftly to market demands and national security requirements.

Market Position and Competitive Landscape

Operating in an industry with significant global and geopolitical dimensions, Centrus Energy distinguishes itself by being the sole publicly traded, U.S.-owned company focused exclusively on enrichment technologies based on American designs. Its ability to secure long-term contracts and establish contingent sales commitments from major utilities and international partners places it in a unique competitive niche. Furthermore, its ongoing collaborations with the U.S. Department of Energy and participation in competitive solicitations for government awards highlight its competitive positioning in a sector characterized by high entry barriers and rigorous technological standards.

Strategic Partnerships and Public-Private Initiatives

A core tenet of Centrus’ business strategy is its emphasis on public-private partnerships. By aligning its business goals with federal initiatives to boost domestic nuclear fuel production, Centrus actively seeks to play a vital role in national energy security. The company has secured contingent commitments and received multiple awards under various government programs aimed at expanding both LEU and HALEU production. These initiatives not only validate its technical capabilities but also underscore its strategic importance in fostering a resilient, American-centric nuclear energy supply chain.

Operational Excellence and Customer Commitment

Centrus Energy prides itself on operational reliability and on-time delivery, as evidenced by its track record of fulfilling customer contracts within specification. With multi-year agreements that provide stable revenue inflows, the company is able to maintain a high standard of quality and reliability. Its commitment to technical precision, along with rigorous quality control processes throughout its manufacturing and enrichment operations, builds strong trust with utility companies that depend on its fuel for safe, efficient electricity generation.

Industry Terminology and Technical Insights

  • Separative Work Units (SWU): A measure of the energy required to separate uranium isotopes, which is central to the enrichment process.
  • Low-Enriched Uranium (LEU): Uranium that has been processed to increase the concentration of the fissile isotope U-235 to levels suitable for power generation in nuclear reactors.
  • High Assay Low-Enriched Uranium (HALEU): A form of LEU with a higher concentration of U-235 used in advanced reactor designs to enhance performance and safety.
  • Centrifuge Technology: Advanced machinery that separates uranium isotopes using high-speed rotational forces, a technology at the core of Centrus’ production process.

Commitment to Domestic Energy Security

Driven by the need to reduce reliance on foreign enrichment capabilities, Centrus Energy has been pivotal in the U.S. initiative to reclaim domestic nuclear fuel production. Its efforts to deploy American centrifuge technology are aligned with broader national security and energy policy objectives. The company’s ongoing investments in manufacturing capacity, public-private partnerships, and technical innovation establish it as a cornerstone in the drive toward energy independence and enhanced national security in the nuclear sector.

Conclusion

In summary, Centrus Energy Corp represents a confluence of technological innovation, operational excellence, and strategic foresight in the nuclear energy industry. With its advanced centrifuge technology, dual business model, and interoperability with government-funded initiatives, the company contributes significantly to ensuring a reliable, secure, and clean supply of nuclear fuel. Its comprehensive approach—spanning production, technical solutions, and strategic partnerships—positions Centrus as an essential actor within a rapidly evolving energy landscape.

Rhea-AI Summary

Centrus Energy Corp. (NYSE American: LEU) reported strong Q2 2024 results, with net income of $30.6 million on $189.0 million in revenue, compared to $12.7 million on $98.4 million in Q2 2023. The company's consolidated cash balance stood at $227.0 million as of June 30, 2024. Centrus secured a DOE waiver under the Prohibiting Russian Imports Act for 2024 and 2025 U.S. customer deliveries. The company also completed a $234 million pension plan annuitization, resulting in a $16.6 million settlement gain. Centrus is actively competing for DOE funding to restore domestic uranium enrichment capability, with over $3.4 billion in appropriations available. The company's backlog is $2.7 billion as of June 30, 2024, extending to 2040.

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Centrus Energy Corp. (NYSE American: LEU) has announced its upcoming quarterly conference call with shareholders and the financial community. The webcast is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. ET. Centrus will release its second quarter earnings report for 2024 after market close on Tuesday, August 6. The call will be accessible through the company's website, www.centrusenergy.com, with a replay available until August 17, 2024.

Centrus Energy is a key supplier of nuclear fuel and services for the nuclear power industry. Since 1998, the company has provided over 1,750 reactor years of fuel, equivalent to 7 billion tons of coal. Centrus is also working on advancing centrifuge technologies to restore America's domestic uranium enrichment capabilities.

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Centrus Energy Corp. (NYSE American: LEU) announced that its President and CEO, Amir Vexler, along with CFO, Kevin Harrill, will attend the Citi 2024 One-on-One Midstream & New Energy Infrastructure Conference. The event is scheduled for August 13-14, 2024, in Las Vegas, Nevada. The company will host one-on-one investor meetings during the conference. Investors interested in meeting with the management can request an invitation or schedule a meeting through their Citi representative.

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Centrus Energy Corp. (NYSE American: LEU) announced that its President and CEO, Amir Vexler, along with CFO Kevin Harrill, will participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference. The event is scheduled for June 18 in New York, NY. They will engage in a fireside chat at 2:20 PM ET and host one-on-one investor meetings throughout the day. A webcast of the chat will be available on Centrus' Investor Relations website.

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Centrus Energy Corp. (NYSE American: LEU) announced its scheduled participation in the 24th B.Riley Securities Institutional Investor Conference on May 22, 2024, in Beverly Hills, California.

CEO Amir Vexler and CFO Kevin Harrill will represent the company, engaging in a fireside chat at 2:30 PM PT and hosting one-on-one investor meetings throughout the day.

Interested parties are encouraged to contact their B.Riley Securities representative to request invitations or schedule meetings.

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Centrus Energy Corp. (NYSE American: LEU) reported a net loss of $6.1 million on $43.7 million in revenue for Q1 2024, compared to net income of $7.2 million on $66.9 million in revenue in Q1 2023. The company has a consolidated cash balance of $209.3 million as of March 31, 2024. Centrus continues its enrichment operations in Piketon, Ohio, with total production of approximately 135 kilograms of HALEU. The company signed approximately $900 million in contingent sales commitments for LEU to support potential construction of LEU production capacity.

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Centrus Energy Corp. (LEU) will host a quarterly conference call on May 8, 2024, to discuss its first quarter earnings for 2024. The company is a leading nuclear fuel supplier, providing reliable and diverse supply sources to meet the increasing demand for clean and affordable electricity. Centrus is also focusing on advancing centrifuge technologies for future uranium enrichment capabilities.
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Centrus Energy Corp. announces the launch of the first U.S.-owned uranium enrichment plant in 70 years, leading the effort to restore America's domestic uranium supply chain. President and CEO will ring The Closing Bell® at the NYSE, celebrating the production of High-Assay, Low-Enriched Uranium (HALEU) for advanced nuclear fuel.
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Centrus Energy Corp. (LEU) executives to participate in the 36th Annual Roth Capital Partners Conference. The company will engage in a fireside chat and one-on-one investor meetings on March 18 in California.
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Centrus Energy Corp. (LEU) reported a full-year net income of $84.4 million in 2023, a significant increase from $52.2 million in 2022. The company generated a total revenue of $320.2 million in 2023, with an unrestricted cash balance of $201.2 million as of December 31, 2023. Centrus also originated $189 million of new sales contracts, maintaining a $1 billion long-term order book as of the same date. The Company's President and CEO expressed optimism about scaling up production in their Ohio facility to meet America's commercial and national security requirements for enriched uranium. The financial results also highlighted the impact of a $21.3 million estimated loss in 2022 related to Centrus' cost-share contribution to the HALEU Operation Contract with the U.S. Department of Energy. Revenue from the Low-Enriched Uranium (LEU) segment showed significant growth, with SWU and uranium revenue increases. However, cost of sales for the LEU segment and decreased work performed under the Technical Solutions segment contracts resulted in a decrease in gross profit for the Company. Delays in obtaining storage cylinders impacted the delivery of HALEU UF6, and the company entered into an agreement to purchase a group annuity contract, transferring pension plan obligations to an insurer.
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FAQ

What is the current stock price of Centrus Energy (LEU)?

The current stock price of Centrus Energy (LEU) is $65.15 as of April 16, 2025.

What is the market cap of Centrus Energy (LEU)?

The market cap of Centrus Energy (LEU) is approximately 1.1B.

What is the core business of Centrus Energy?

Centrus Energy specializes in supplying nuclear fuel, particularly low enriched uranium (LEU) and high assay low-enriched uranium (HALEU), using advanced American centrifuge technology, while also offering engineering and technical services.

How does Centrus Energy generate revenue?

The company generates revenue through its LEU segment by processing and selling separative work units and uranium, as well as through its Technical Solutions segment that provides design, engineering, and manufacturing services to government and commercial clients.

What role does centrifuge technology play in its operations?

Centrifuge technology is central to Centrus' operations, enabling the efficient separation of uranium isotopes. This advanced method not only supports the production of LEU and HALEU but also reinforces the company’s commitment to using American-made technology.

How does Centrus Energy contribute to domestic energy security?

By deploying state-of-the-art, American-made centrifuge technology and establishing partnerships with federal agencies, Centrus Energy is pivotal in restoring domestic uranium enrichment capabilities, thus bolstering U.S. energy security and reducing dependency on foreign sources.

What distinguishes Centrus Energy from its competitors?

Centrus is the only publicly traded, U.S.-owned company that focuses exclusively on enrichment technologies based on American designs. Its established track record in meeting long-term contracts and its integration with public-private initiatives set it apart in a competitive industry.

What are the primary market segments that Centrus serves?

The company primarily serves the nuclear power industry by providing fuel for commercial reactors and advanced reactor designs, while also offering technical solutions to government and private sector clients involved in nuclear energy.

How does Centrus Energy manage quality and delivery reliability?

Centrus maintains strict quality control processes and adheres to long-term contractual commitments, ensuring on-time deliveries and meeting stringent specifications mandated by utility customers in the nuclear industry.

What are the benefits of the company's public-private partnership model?

This model enables a collaborative approach to funding and innovation, ensuring a robust domestic supply chain for nuclear fuel. It combines federal support with private investments, which is critical for scaling operations and advancing technological capabilities.
Centrus Energy

NYSE:LEU

LEU Rankings

LEU Stock Data

1.09B
15.23M
5.46%
72.97%
18.97%
Uranium
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
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United States
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