Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. The company operates in two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) component of LEU; SWU and uranium components of LEU; and natural uranium for utilities that operate nuclear power plants. Its LEU is a component that is used in the production of nuclear fuel for reactors to produce electricity. The Technical Solutions segment offers technical, manufacturing, engineering, procurement, construction, and operations services to public and private sector customers, including the American Centrifuge engineering and testing activities. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy Corp. was founded in 1998 and is headquartered in Bethesda, Maryland.
IPO Year: 2014
Exchange: AMEX
Website: centrusenergy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/13/2023 | $72.00 | Buy | B. Riley Securities |
8/8/2022 | $45.00 → $48.00 | Neutral → Buy | ROTH Capital |
3/14/2022 | $90.00 → $70.00 | Buy → Hold | Lake Street |
3/11/2022 | $50.00 | Buy → Neutral | ROTH Capital |
12/21/2021 | $57.00 → $58.00 | Neutral → Buy | Roth Capital |
11/15/2021 | $27.00 → $57.00 | Buy → Neutral | Roth Capital |
8/13/2021 | $28.00 → $27.00 | Buy | Roth Capital |
BETHESDA, Md., July 29, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, August 7, 2024, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2024, which ended June 30, 2024, after the close of markets on Tuesday, August 6. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a we
BETHESDA, Md., April 24, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 8, 2024, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2024, which ended March 31, 2024, after the close of markets on Tuesday, May 7. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast
Financial Highlights: 2023 full year net income of $84.4 million, compared to $52.2 million for 2022Centrus revenue of $320.2 million and gross profit of $112.1 million for full year 2023Unrestricted cash balance of $201.2 million as of December 31, 2023Originated $189 million of new sales contracts, maintaining our $1 billion long-term order book as of December 31, 2023BETHESDA, Md., Feb. 8, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus" or the "Company") today reported 2023 results. The Company reported net income of $84.4 million for the year ended December 31, 2023, which is $5.55 (basic) and $5.44 (diluted) per common share.
BETHESDA, Md., Jan. 29, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Friday, February 9, 2024, at 8:30 a.m. ET. The Company will release its fourth quarter/year-end earnings report for 2023, which ended December 31, 2023, after the close of markets on Thursday, February 8. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the we
BETHESDA, Md. , July 25, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Friday, August 4, 2023, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2023, which ended June 30, 2023, after the close of markets on Thursday, August 3. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a web
BETHESDA, Md., April 26, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Tuesday, May 9, 2023, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2023, which ended March 31, 2023, after the close of markets on Monday, May 8. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast re
Financial Highlights: LEU segment revenue of $112.2 million and segment gross profit of $67.0 million in the fourth quarter of 2022.2022 full year net income of $52.2 million, which reflects a one-time loss accrual of $21.3 million for the cost share associated with the U.S. Department of Energy HALEU Operation Contract Award.Commercial Highlights: Secured a $150 million, competitively-awarded contract to complete construction and begin operation of a HALEU demonstration cascade.First-of-a-Kind HALEU production to begin by the end of 2023.Originated record $270 million of new sales contracts throughout 2022, contributing to the $1 billion long-term order book for our LEU segment as of Decemb
BETHESDA, Md., Feb. 13, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, February 22, 2023, at 8:30 a.m. ET. The Company will release its fourth quarter and year-end earnings report for 2022, which ended December 31, 2022, after the close of markets on Tuesday, February 21. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section o
Secured more than $270 million in new sales contracts and commitments year-to-dateContinued to meet all milestones under the contract with the U.S. Department of Energy (DOE) to deploy a cascade of centrifuges to demonstrate production of High-Assay, Low-Enriched Uranium (HALEU)Net loss of $6.1 million on revenue of $33.2 million in Q3 2022, compared to net income of $42.1 million on $91.3 million in revenue in Q3 2021BETHESDA, Md., Nov. 8, 2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus" or the "Company") today reported third quarter 2022 results. The Company reported a net loss of $6.1 million for the quarter ended September 30, 2022, compared to net income of $42.1 million
BETHESDA, Md., Nov. 4, 2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, November 9, 2022, at 8:30 a.m. ET. The Company will release its third quarter earnings report for 2022, which ended September 30, 2022, after the close of markets on Tuesday, November 8. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, a
BETHESDA, Md., Aug. 7, 2024 /PRNewswire/ -- Today Centrus Energy (NYSE:LEU) announced that its Board of Directors has appointed Stephanie O'Sullivan to the Board. The Board also welcomed the election of Ray Rothrock at its June 20, 2024 annual meeting. "Having served at the highest levels of the U.S. Intelligence Community, Stephanie O'Sullivan has deep experience in national security and a unique understanding of why Centrus' work is so critical to the nation," said Mikel Williams, Chairman of the Board of Directors. "With decades of experience as a venture investor and a b
RESTON, Va. and BETHESDA, Md., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR) and Centrus Energy Corp. ("Centrus") (NYSE:LEU) today announced a contract to conduct a front-end engineering and design (FEED) study to add a dedicated Lightbridge Pilot Fuel Fabrication Facility (LPFFF) at the American Centrifuge Plant in Piketon, Ohio. The FEED study will identify infrastructure and licensing requirements as well as the estimated cost and construction schedule for the LPFFF. Centrus' wholly-owned subsidiary, American Centrifuge Operating, LLC, will lead the study, which is expected to be completed in 2024. "Centrus is proud to join forces with Light
Amir Vexler to Succeed Daniel Poneman as CEO in 2024 BETHESDA, Md., Nov. 20, 2023 /PRNewswire/ -- Centrus Energy Corp (NYSE:LEU) announced today that Amir Vexler will succeed Daniel B. Poneman as Chief Executive Officer on January 1, 2024. Mr. Poneman joined Centrus on March 5, 2015, and over the past eight years has overseen the rebuilding of the Company's order book, strengthening the balance sheet, and returning the Company to profitability in 2021. In October, Centrus inaugurated the first new U.S.-owned uranium enrichment plant to begin production in nearly 70 years a
BETHESDA, Md., June 20, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) (the "Company") announced the results of its 2023 annual meeting of stockholders held on June 20, 2023. As of April 24, 2023, the meeting's record date, there were 14,761,818 shares of the Company's Class A common stock outstanding, each entitled to one vote, and approximately 76 percent of those shares were represented at the annual meeting. The Company's stockholders passed all five proposals, including electing the seven director nominees for a term of one year; approving an advisory vote to approv
BETHESDA, Md., June 23, 2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) (the "Company") announced the results of its 2022 annual meeting of stockholders held on June 23, 2022. As of April 25, 2022, the record date for the Annual Meeting, there were 13,781,467 shares of Centrus Class A common stock outstanding, each entitled to one vote, and the number of shares present at the annual meeting was 11,277,895. The Company's stockholders passed all three proposals, including electing the eight director nominees for a term of one year; approving, on an advisory basis, the Compa
BETHESDA, Md., June 16, 2021 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) (the "Company") announced the results of its 2021 annual meeting of stockholders held on June 16, 2021. As of April 19, 2021, the meeting's record date, there were 12,918,602 shares of the Company's Class A common stock outstanding, each entitled to one vote, and approximately 79.8 percent of those shares were represented at the annual meeting. The Company's stockholders passed all five proposals, including electing the eight director nominees for a term of one year; approving the Section 382 Right
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B. Riley Securities initiated coverage of Centrus Energy with a rating of Buy and set a new price target of $72.00
ROTH Capital upgraded Centrus Energy from Neutral to Buy and set a new price target of $48.00 from $45.00 previously
Lake Street downgraded Centrus Energy from Buy to Hold and set a new price target of $70.00 from $90.00 previously
ROTH Capital downgraded Centrus Energy from Buy to Neutral and set a new price target of $50.00
Roth Capital upgraded Centrus Energy from Neutral to Buy and set a new price target of $58.00 from $57.00 previously
Roth Capital downgraded Centrus Energy from Buy to Neutral and set a new price target of $57.00 from $27.00 previously
Roth Capital reiterated coverage of Centrus Energy with a rating of Buy and set a new price target of $27.00 from $28.00 previously
Roth Capital reiterated coverage of Centrus Energy with a rating of Buy and set a new price target of $28.00 from $32.00 previously
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BETHESDA, Md., Aug. 19, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that management will participate in the following upcoming investor conferences. On Thursday, September 5, Kevin Harrill, CFO, is scheduled to host one-on-one investor meetings at the Jefferies 2024 Industrials Conference in New York City, NY.On Wednesday, September 11, Amir Vexler, President and CEO, and Kevin Harrill, CFO, are scheduled to host one-on-one investor meetings at the 26th Annual H.C. Wainwright Global Investment Conference in New York City, NY.On Thursday, September 12,
BETHESDA, Md., Aug. 7, 2024 /PRNewswire/ -- Today Centrus Energy (NYSE:LEU) announced that its Board of Directors has appointed Stephanie O'Sullivan to the Board. The Board also welcomed the election of Ray Rothrock at its June 20, 2024 annual meeting. "Having served at the highest levels of the U.S. Intelligence Community, Stephanie O'Sullivan has deep experience in national security and a unique understanding of why Centrus' work is so critical to the nation," said Mikel Williams, Chairman of the Board of Directors. "With decades of experience as a venture investor and a b
Net income of $30.6 million on $189.0 million in revenue, compared to net income of $12.7 million on $98.4 million in revenue in Q2 2023Consolidated cash balance of $227.0 million as of June 30, 2024Annuitized $234 million of pension plan obligations for more than 1,000 beneficiaries, resulting in a $16.6 million settlement gainSecured a U.S. Department of Energy ("DOE") waiver under the Prohibiting Russian Imports Act to cover 2024 and 2025 U.S. customer deliveries under the Russian supply contractBETHESDA, Md., Aug. 6, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus" or the "Company") today reported second quarter 2024 results. The Company reported net income of $30.6 millio
BETHESDA, Md., July 29, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, August 7, 2024, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2024, which ended June 30, 2024, after the close of markets on Tuesday, August 6. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a we
BETHESDA, Md., July 8, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that Amir Vexler, President and Chief Executive Officer, and Kevin Harrill, Chief Financial Officer, are scheduled to participate in the Citi 2024 One-on-One Midstream & New Energy Infrastructure Conference on August 13 and 14 in Las Vegas, Nevada. The company will host one-on-one investor meetings on both days. To request an invitation or to schedule a one-on-one meeting with management at the conference, please contact your Citi representative. About Centrus Energy Centrus Energy is a
BETHESDA, Md., June 11, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that Amir Vexler, President and Chief Executive Officer, and Kevin Harrill, Chief Financial Officer, are scheduled to participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 18 in New York, New York. The company will participate in a fireside chat at 2:20PM ET on Tuesday, June 18, and host one-on-one investor meetings that day. A webcast of the fireside chat will be available on Centrus' Investor Relations website: https://investors.centrusenergy.com/. To requ
Will Hold Fireside Chat at 2:30 PM PT on May 22, 2024 BETHESDA, Md., May 13, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that Amir Vexler, President and Chief Executive Officer, and Kevin Harrill, Chief Financial Officer, are scheduled to participate in the 24th B.Riley Securities Institutional Investor Conference on May 22, 2024 in Beverly Hills, California. The company will participate in a fireside chat at 2:30PM PT and host one-on-one investor meetings that day. To request an invitation or to schedule a one-on-one meeting with management at the con
Net loss of $6.1 million on $43.7 million in revenue, compared to net income of $7.2 million on $66.9 million in revenue in Q1 2023Consolidated cash balance of $209.3 million as of March 31, 2024Continued enrichment operations in Piketon, Ohio, with total production of approximately 135 kilograms of High Assay Low-Enriched Uranium ("HALEU")Signed approximately $900 million in contingent sales commitments for Low-Enriched Uranium ("LEU")BETHESDA, Md., May 7, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus" or the "Company") today reported first quarter 2024 results. The Company reported a net loss of $6.1 million for the three months ended March 31, 2024, which is $0.38 (basic
BETHESDA, Md., April 24, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 8, 2024, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2024, which ended March 31, 2024, after the close of markets on Tuesday, May 7. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast
BETHESDA, Md., March 4, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that, in recognition of the launch of the first U.S.-owned and U.S. technology uranium enrichment plant to begin production in 70 years, President and CEO Amir Vexler will ring The Closing Bell® at the New York Stock Exchange at 4:00 p.m. ET tomorrow, Tuesday, March 5, 2024. "Centrus is proud to be leading the effort to restore America's domestic uranium enrichment supply chain and pioneering production of advanced nuclear fuel to power the next generation of reactors," said Mr. Vexler
The United States is set to invest up to $2.7 billion in domestically-supplied enriched uranium to bolster the supply chain for nuclear reactor fuel and reduce reliance on Russian imports. This initiative follows legislation signed by President Joe Biden in May, which also banned imports of enriched uranium from Russia. Previously, Russia supplied about 24% of the enriched uranium for U.S. reactors, with significant contributions also coming from Germany (12%) and the UK (11%). This reliance on foreign sources posed a strategic risk, particularly given the current geopolitical climate. To address this, the Department of Energy (DOE) has launched an initiative to increase domestic producti
Roth MKM analyst Joe Reagor maintains Centrus Energy (AMEX:LEU) with a Buy and lowers the price target from $65 to $62.
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
Centrus Energy (AMEX:LEU) reported quarterly losses of $(0.38) per share which missed the analyst consensus estimate of $0.55 by 169.09 percent. The company reported quarterly sales of $43.70 million which missed the analyst consensus estimate of $76.90 million by 43.17 percent. This is a 34.68 percent decrease over sales of $66.90 million the same period last year.
Shares of RingCentral, Inc. (NYSE:RNG) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance. RingCentral posted adjusted earnings of 87 cents per share, beating market estimates of 80 cents per share. The company's quarterly sales came in at $584.211 million, topping expectations of $578.167 million, according to data from Benzinga Pro. RingCentral shares jumped 13.4% to $34.00 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Repare Therapeutics Inc. (NASDAQ:RPTX) gained 31.1% to $4.30 in pre-market trading after the company posted better-t
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The investment world is buzzing with anticipation over the upcoming acquisition of Oklo Inc. by AltC Acquisition Corp. (NYSE:ALCC), a special purpose acquisition company led by ChatGPT founder and tech luminary Sam Altman. Reddit users on r/Wallstreetbetsnew and r/ALCCstock have been discussing the potential for a stock pop following the merger. Some users have compared the situation to the rapid rise of DJT stock after its merger. “Sam Altman has ‘worshippers’ just like Donald Trump has his "cult"” – said Redditor Inferno__xz9 at r/Wallstreetbetsnew, comparing Altman’s cult-like following similar to that of Trump. “His name on this coupled with clean energy is rocket fuel,” the Redd