Overview
- The Energy Department awarded $2.7 billion in orders across three firms, with Centrus slated to receive $900 million for next-generation reactor fuel work.
- Centrus shares jumped 26.26% from Dec. 30 to Jan. 6 following the announcement, placing the stock among the week’s top energy gainers.
- Bank of America lifted its price target to $340 on Jan. 6 and kept a Neutral rating, noting the allocation came in below the $1.7 billion the company had anticipated.
- U.S. uranium futures reached a two-month high on Jan. 6, helped by buying from physical uranium funds and policy support for domestic supply.
- Centrus, a U.S. supplier licensed to sell low-enriched uranium, is the only publicly listed domestic producer of HALEU used in many advanced reactor designs.