Investment lays groundwork for potential large-scale uranium enrichment expansion BETHESDA, Md., Nov. 20, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that it is resuming centrifuge manufacturing activities and expanding its manufacturing capacity at its facility in Oak Ridge, Tennessee.  The company will invest an additional approximately $60 million for this effort over the next 18 months to lay the groundwork to support a potential large-scale expansion of uranium enrichment at the Centrus' American Centrifuge Plant in Piketon, Ohio.  Such a large-scale expansion would require a multi-billion dollar public and private investment. 

BETHESDA, Md., Nov. 18, 2024 /PRNewswire/ -- Centrus Energy (NYSE:LEU) today announced that it has appointed Neal Nagarajan as Senior Vice President and Head of Investor Relations effective today. In this role, Nagarajan will be responsible for maintaining and expanding relationships in the investment community while communicating the company's business model, long-term strategy, governance, and financial performance. "Neal is an experienced leader and investor relations professional who will be an asset to Centrus as we work to reclaim American leadership in nuclear fuel prod

BETHESDA, Md. , Nov. 5, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus") today announced the pricing of $350 million aggregate principal amount of 2.25% Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, Centrus has granted the initial purchasers of the Notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $52.5 million aggregate principal amou

BETHESDA, Md., Nov. 4, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus") today announced its intention to offer, subject to market conditions and other factors, $350 million aggregate principal amount of Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, Centrus expects to grant the initial purchasers of the Notes an option to purchase, for settlement within the 13-day period beginning on, and including, the date on which the Notes are first issued, up

Selected by the U.S. Department of Energy ("DOE") as an awardee for High Assay Low-Enriched Uranium ("HALEU") production and HALEU deconversion contractsSigned $1.1 billion in new contingent commitments to support deployment of Low-Enriched Uranium ("LEU") production, for a total of $2.0 billion year-to-dateNet loss of $5.0 million on $57.7 million in revenue, compared to net income of $8.2 million on $51.3 million in revenue in Q3 2023Consolidated cash balance of $194.3 million as of September 30, 2024BETHESDA, Md., Oct. 28, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) ("Centrus" or the "Company") today reported third quarter 2024 results. The Company reported a net loss of $5.0 mil

BETHESDA, Md., Oct. 23, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Tuesday, October 29, 2024, at 8:30 a.m. ET. The Company will release its third quarter earnings report for 2024, which ended September 30, 2024, after the close of markets on Monday, October 28. 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

BETHESDA, Md., Oct. 17, 2024 /PRNewswire/ -- Centrus Energy (NYSE:LEU) announced today that its subsidiary, American Centrifuge Operating, LLC ("ACO"), has won an award from the U.S. Department of Energy aimed at expanding domestic commercial production of High-Assay, Low-Enriched Uranium (HALEU), which is needed to fuel many next-generation nuclear reactor designs currently under development.  "This award could facilitate the potential expansion of Centrus' first-of-a-kind HALEU production capacity to help meet the needs of the advanced nuclear industry and the nation," said

American Centrifuge Operating, LLC is one of six awardees BETHESDA, Md., Oct. 8, 2024 /PRNewswire/ -- Centrus Energy (NYSE:LEU) announced today that its subsidiary, American Centrifuge Operating, LLC ("ACO"), has won an award from the U.S. Department of Energy to support deployment of technology and equipment to deconvert High-Assay, Low-Enriched Uranium (HALEU) from uranium hexafluoride (UF6) to uranium oxide and/or uranium metal forms, a key step in the nuclear fuel production process.  "This award is a critical piece of the puzzle in building an advanced nuclear fuel supply

BETHESDA, Md., Sept. 30, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) today announced that management are scheduled to participate in TD Cowen's 2024 Nuclear Fuel & Next Generation Virtual Roundtable on October 8. The company will participate in a fireside chat at 1:05PM ET on Tuesday, October 8, 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 request an invitation or to schedule a one-on-one meeting with management at the conference, please

WASHINGTON, Sept. 24, 2024 /PRNewswire/ -- At a special briefing for policymakers on Capitol Hill today, Centrus said that the $3.4 billion that Congress has made available for domestic nuclear fuel production should be focused on deploying American uranium enrichment technology that is manufactured in the United States, by American workers, as opposed to foreign-origin centrifuge technologies that are manufactured overseas.  A copy of the briefing slides as well as a handout are available on the Centrus website. Video of the briefing is available here: https://www.centrusener

ROTH MKM downgraded Centrus Energy from Buy to Neutral and set a new price target of $62.00 from $55.00 previously

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

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

10-Q - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

8-K - CENTRUS ENERGY CORP (0001065059) (Filer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

3 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

4 - CENTRUS ENERGY CORP (0001065059) (Issuer)

3 - CENTRUS ENERGY CORP (0001065059) (Issuer)

BETHESDA, Md., Nov. 18, 2024 /PRNewswire/ -- Centrus Energy (NYSE:LEU) today announced that it has appointed Neal Nagarajan as Senior Vice President and Head of Investor Relations effective today. In this role, Nagarajan will be responsible for maintaining and expanding relationships in the investment community while communicating the company's business model, long-term strategy, governance, and financial performance. "Neal is an experienced leader and investor relations professional who will be an asset to Centrus as we work to reclaim American leadership in nuclear fuel prod

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

BETHESDA, Md., Oct. 23, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Tuesday, October 29, 2024, at 8:30 a.m. ET. The Company will release its third quarter earnings report for 2024, which ended September 30, 2024, after the close of markets on Monday, October 28. 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

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

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

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 20 points on Wednesday. Shares of Flywire Corporation (NASDAQ:FLYW) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter EPS results and issued second-quarter revenue guidance below estimates. Flywire posted a quarterly loss of 5 cents per share, compared to market expectations for a loss of 2 cents per share. The company's quarterly sales came in at $114.10 million versus estimates of $109.90 million, according to data from Benzinga Pro. Flywire shares dipped 14.1% to $17.65 in pre-market trading. Here are some big stocks recording losses i

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