B. Riley analyst Ryan Pfingst raised the firm’s price target on Centrus Energy (LEU) to $221 from $134 and keeps a Buy rating on the shares after the company announced that the Department of Energy has exercised an option to extend Centrus’ contract to produce high-assay low-enriched uranium through June 30, 2026. The firm continues to believe Centrus is well positioned to benefit from growing federal support for domestic enrichment capabilities as the U.S. government aims to strengthen the country’s nuclear fuel supply chain. The DOE has additional options for continued production for up to eight additional years beyond that date, the analyst tells investors in a research note.
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