Daiwa analyst Dennis Ip has maintained their bullish stance on LEU stock, giving a Buy rating today.
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Dennis Ip has given his Buy rating due to a combination of factors that highlight the potential growth and strategic positioning of Centrus Energy. The company is poised to benefit from an anticipated increase in demand for uranium enrichment services in the United States, driven by the expansion of SMR and microreactor projects, as well as national security programs like the Janus initiative. This demand is expected to create a significant shortfall in the supply of uranium enrichment, especially after the expiration of the import waiver from Russia, which currently supplies a substantial portion of the US market.
Moreover, Centrus Energy is actively pursuing financial strategies to support its growth. Although there are expected delays in receiving government grants, the company is taking proactive steps by launching an at-the-market program to raise USD 1 billion. Additionally, partnerships with entities like KHNP and POSCO are anticipated to provide further private sector capital support. These strategic financial moves, coupled with the positive market outlook, underpin Dennis Ip’s optimistic Buy rating for Centrus Energy.
According to TipRanks, Ip is ranked #1147 out of 10072 analysts.
In another report released today, Northland Securities also maintained a Buy rating on the stock with a $300.00 price target.