Craig-Hallum bullish on Centrus Energy, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Centrus Energy (LEU) with a Buy rating and $129 price target The firm notes that nuclear power is a renewable solution to mismatched global energy goals with a nuclear renaissance which is underway but threatened by geopolitical factors and a scarcity of enriched uranium. Craig-Hallum says Centrus is the domestic nuclear fuel solution and key to national security, is positioned as a critical supplier of enriched uranium today and as a domestic producer/supplier of LEU/HALEU in the future. With optionality for whichever direction the market takes and a path to $200-plus/share, the firm is bullish on the name.