Centrus Energy, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Sean Milligan from Needham reiterated a Buy rating on the stock and has a $357.00 price target.
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Sean Milligan has given his Buy rating due to a combination of factors tied to Centrus Energy’s recent operational progress and strategic positioning. He views the start of domestic centrifuge manufacturing for the Piketon, OH enrichment expansion as a concrete execution milestone that validates the company’s earlier supply-chain preparation and ongoing production ramp at Oak Ridge, TN. This step demonstrates that Centrus is advancing from planning to full-scale industrial implementation, which he believes can strengthen customer confidence and support future contract wins.
Milligan also interprets the move as an indication that management is confident in securing both government and private funding to support the broader enrichment build-out. By showing tangible momentum toward expanding U.S. enrichment capacity, Centrus, in his view, is better positioned to capture a growing share of long-term demand in the nuclear fuel market. As a result, he reiterates his Buy rating and $357 price target, expecting the stock to continue to benefit as investors pull forward their expectations for revenue and backlog growth.
Milligan covers the Technology sector, focusing on stocks such as First Solar, Shoals Technologies Group, and NEXTracker, Inc. Class A. According to TipRanks, Milligan has an average return of -8.0% and a 40.63% success rate on recommended stocks.