BofA starts Centrus Energy at Buy with nuclear industry poised for growth

As previously reported, BofA initiated coverage of Centrus Energy (LEU) with a Buy rating and $160 price target calling it out as “the world’s only publicly-traded enriched nuclear fuel company at a time when the industry is poised for growth.” Centrus is a top distributor of low-enriched uranium nuclear fuel, or LEU, in the U.S., the world’s largest nuclear power market, and also operates a complementary technical solutions segment that includes a high-assay low-enriched uranium, or HALEU, fuel business for next generation reactors, the analyst explains. The firm, which is bullish on the outlook for nuclear fuel demand globally, adds that Centrus benefits from significant barriers to entry as one of only two licensed producers of enriched uranium in the U.S. and the only one licensed for national security applications.