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.
Centrus Energy Corp. (NYSE American: LEU) is a trusted supplier of enriched uranium fuel for both domestic and international nuclear power plants. For over 50 years, Centrus has maintained a tradition of reliability, ensuring all customer shipments are made on time and within specification.
The company operates through two main segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment covers the sale of separative work units and uranium, forming the majority of the company's revenue. The Technical Solutions segment offers engineering, design, and manufacturing services to both government and private sector customers.
Centrus is also at the forefront of deploying American Centrifuge Technology to support U.S. energy and national security. This includes their latest initiative to produce High-Assay Low-Enriched Uranium (HALEU) at their American Centrifuge Plant in Piketon, Ohio, ahead of schedule and under budget. This plant, the first new U.S.-owned uranium enrichment facility to begin production since 1954, is a significant milestone in restoring domestic uranium enrichment capabilities. HALEU is a critical component for next-generation reactors, making Centrus a key player in the future of nuclear energy.
Since 1998, Centrus has provided utility customers with more than 1,750 reactor years of fuel, equivalent to 7 billion tons of coal, further cementing their role in offering clean, affordable, carbon-free electricity. Their advancements in centrifuge technologies ensure the U.S. can sustain its nuclear energy capabilities and meet growing global energy demands.
Among its notable achievements, between 1995 and 2013, Centrus participated in the Megatons to Megawatts program, which recycled 500 metric tons of weapons-grade uranium from dismantled Russian nuclear warheads, equivalent to 20,000 warheads, into low-enriched uranium for electricity generation.
Financially, Centrus has demonstrated solid performance, with significant revenue contributions from both its LEU and Technical Solutions segments. The company's recent financial results include a net income of $8.2 million for Q3 2023, a net income of $84.4 million for the year 2023, and strong contingent LEU sales commitments worth approximately $900 million.
Centrus' leadership team, including newly appointed CEO Amir Vexler, remains dedicated to strengthening the company's position and expanding production to meet both commercial and national security needs.
With a firm commitment to innovation and reliability, Centrus Energy continues to play a crucial role in supporting the nuclear power industry and contributing to global clean energy objectives.
Centrus Energy Corp. (NYSE American: LEU) will hold its quarterly conference call on May 9, 2023, at 8:30 a.m. ET. The call will discuss the company’s first quarter earnings report for 2023, which will be released on May 8, 2023, after market close. Interested listeners can access the call via the Centrus Energy website, where a replay will be available until May 19, 2023.
Centrus Energy is a key supplier of nuclear fuel and services, committed to supporting the nuclear power industry’s demand for clean energy. The company has delivered over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal. Centrus is also focused on advancing centrifuge technologies to strengthen domestic uranium enrichment capabilities.
Centrus Energy Corp. (LEU) announced that CEO Daniel B. Poneman will participate in a panel discussion at Guggenheim Securities' Second Annual Investing in Advanced Nuclear Energy Conference on March 30, 2023, in New York City. The panel, titled 'Building out the Advanced Nuclear Energy Supply Chain', aims to address the growing importance of nuclear energy in meeting clean energy needs. Centrus is a key supplier of nuclear fuel and services, having provided over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal. The company is also advancing new centrifuge technologies to enhance uranium enrichment capabilities.
Centrus Energy Corp. (NYSE American: LEU) announced participation in the 35th Annual Roth Capital Partners Conference scheduled for March 12-14, 2023, in Dana Point, California. Philip Strawbridge, the Chief Financial Officer, will represent the company. Centrus Energy plays a vital role as a supplier of nuclear fuel and services, contributing over 1,750 reactor years of fuel, equivalent to 7 billion tons of coal. The company aims to advance centrifuge technologies to enhance domestic uranium enrichment capabilities. For more details, visit www.centrusenergy.com.
FAQ
What is the current stock price of Centrus Energy (LEU)?
What is the market cap of Centrus Energy (LEU)?
What does Centrus Energy Corp. do?
What is High-Assay Low-Enriched Uranium (HALEU)?
What are Centrus Energy's recent achievements?
How long has Centrus Energy been operating?
Where does Centrus Energy operate?
What was the Megatons to Megawatts program?
Who is the new CEO of Centrus Energy?
How does Centrus Energy contribute to clean energy?
What are Centrus Energy's core business segments?
How does Centrus Energy support U.S. energy security?
