Centrus Energy (LEU)
NYSE:LEU
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Centrus Energy
(NYSE:LEU)
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Rating:54Neutral
Price Target:
$213.00
▲(10.94% Upside)
Action:DowngradedDate:02/12/26
The score is held back primarily by middling financial quality (margin compression, higher leverage, and weak/volatile cash conversion) and an expensive valuation (P/E ~66 with no dividend yield provided). These are partly offset by a strong earnings-call backdrop featuring substantial backlog, significant DOE HALEU funding potential, and strong liquidity, though near-term momentum indicators are mixed-to-soft.
Positive Factors
Large backlog and strong liquidity
A multi-billion dollar backlog combined with roughly $2.0B of unrestricted cash and a sizable DOE HALEU award materially improves revenue visibility and funding optionality. This durable funding and contracted demand support multi-year capital programs and reduce refinancing pressure while enabling execution of HALEU and LEU build‑outs.
Negative Factors
Elevated leverage
Rising debt and still‑elevated leverage constrain financial flexibility for large capital projects and increase interest expense sensitivity. With multi‑year capex plans for HALEU/LEU capacity, high leverage raises refinancing and covenant risk and can force more dilutive or costly funding choices if cash conversion remains uneven.
Read all positive and negative factors
Positive Factors
Negative Factors
Large backlog and strong liquidity
A multi-billion dollar backlog combined with roughly $2.0B of unrestricted cash and a sizable DOE HALEU award materially improves revenue visibility and funding optionality. This durable funding and contracted demand support multi-year capital programs and reduce refinancing pressure while enabling execution of HALEU and LEU build‑outs.
Read all positive factors
Centrus Energy (LEU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.78B
Dividend YieldN/A
Average Volume (3M)749.00K
Price to Earnings (P/E)56.1
Beta (1Y)1.73
Revenue Growth15.25%
EPS Growth37.48%
CountryUS
Employees322
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)0.79
Shares Outstanding18,945,366
10 Day Avg. Volume761,569
30 Day Avg. Volume749,001
Financial Highlights & Ratios
PEG Ratio-15.73
Price to Book (P/B)5.70
Price to Sales (P/S)9.72
P/FCF Ratio139.35
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue6.50
Enterprise Value/Gross Profit24.81
Enterprise Value/Ebitda26.55
Forecast
1Y Price Target
$264.90Price Target Upside37.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)3.39
Revenue Forecast (FY)$461.21M
Centrus Energy Business Overview & Revenue Model
Company Description
Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LE...
How the Company Makes Money
Centrus primarily makes money by selling nuclear fuel products and providing nuclear fuel-cycle services under customer contracts. A key revenue stream is the sale of low-enriched uranium (LEU) to nuclear power customers, typically structured thro...
Centrus Energy Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call highlighted meaningful progress: a major DOE HALEU award (potentially >$1B), sizeable backlog ($3.8B), strong liquidity (~$2B cash), SWU revenue and volume growth, clear 2026 guidance, and operational partnerships (Fluor, NYSE uplist, FDI MOUs). Offsetting challenges include a large drop in uranium revenue, a 66% collapse in technical solutions gross profit, a delayed Russian shipment that compressed margins, contingent portions of the LEU backlog, and ongoing execution and supplier timing risks. On balance, the positive strategic milestones, funding position, backlog, and SWU momentum materially outweigh the identifiable near-term operational and contractual challenges, but execution risk remains important to monitor.Positive Updates
Full-Year Financial Results
Revenue of $448.7 million for FY2025, up $6.7 million or 1.5% year-over-year; gross profit of $117.5 million, up roughly 5%; net income of $77.8 million.
Negative Updates
Uranium Revenue Decline
Uranium revenue decreased 54% year-over-year to $55.6 million, attributed partly to a large one-time uranium sale in 2024.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Financial Results
Revenue of $448.7 million for FY2025, up $6.7 million or 1.5% year-over-year; gross profit of $117.5 million, up roughly 5%; net income of $77.8 million.
Read all positive updates
Company Guidance
Centrus’ 2026 guidance calls for total company revenue of $425–$475 million (midpoint $450M, roughly flat y/y) and total capital deployment of $350–$500 million (includes prepayments that affect free cash flow); operational targets include at least 150 net new hires (≥100 in Oak Ridge — ~25% of the announced 400 — and ≥50 in Piketon), issuance of the first certified‑for‑construction work package in Piketon, and majority mobilization of Ohio construction partners by year‑end. The company continues to target a base‑case 12 metric tons/year of HALEU capacity (first new centrifuge cascade expected online in 2029) and enters 2026 with roughly $2.0 billion cash, a $3.8 billion backlog (LEU ≈ $2.9B including ~$2.3B contingent LEU), and a DOE HALEU award of $900M (potential to exceed $1B with ~$170M of options).Centrus Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 448.70M | 442.00M | 320.20M | 293.80M | 298.30M |
| Gross Profit | 117.50M | 111.50M | 112.10M | 117.90M | 114.50M |
| EBITDA | 109.80M | 86.50M | 92.90M | 77.90M | 144.60M |
| Net Income | 77.80M | 73.20M | 84.40M | 52.20M | 175.00M |
Balance Sheet | |||||
| Total Assets | 2.45B | 1.10B | 796.20M | 705.50M | 572.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.96B | 701.40M | 201.20M | 179.90M | 193.80M |
| Total Debt | 1.21B | 547.20M | 177.10M | 169.80M | 134.20M |
| Total Liabilities | 1.68B | 937.60M | 763.90M | 779.60M | 714.30M |
| Stockholders Equity | 765.10M | 161.40M | 32.30M | -74.10M | -141.90M |
Cash Flow | |||||
| Free Cash Flow | 31.30M | 32.90M | 7.50M | 19.90M | 48.80M |
| Operating Cash Flow | 51.00M | 37.00M | 9.10M | 20.60M | 50.00M |
| Investing Cash Flow | -19.70M | -4.10M | -1.60M | -700.00K | -1.20M |
| Financing Cash Flow | 1.22B | 437.10M | 13.90M | -4.30M | -9.90M |
Centrus Energy Technical Analysis
Neutral
191.99
Price Trends
205.97
Negative
239.83
Negative
251.06
Negative
Market Momentum
-6.20
Negative
49.43
Neutral
81.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LEU, the sentiment is Neutral. The current price of 191.99 is above the 20-day moving average (MA) of 189.05, below the 50-day MA of 205.97, and below the 200-day MA of 251.06, indicating a neutral trend. The MACD of -6.20 indicates Negative momentum. The RSI at 49.43 is Neutral, neither overbought nor oversold. The STOCH value of 81.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LEU.
Centrus Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $7.76B | 12.81 | 15.91% | 4.32% | -13.41% | -60.18% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | $7.07B | 40.10 | 2.26% | 3.24% | -1.43% | -63.13% | |
56 Neutral | $4.68B | -39.51 | -13.16% | ― | 103.69% | -126.48% | |
55 Neutral | $6.84B | -149.77 | -7.09% | ― | 189.19% | -38.15% | |
54 Neutral | $3.78B | 56.06 | 18.29% | ― | 15.25% | 37.48% | |
49 Neutral | $619.83M | -6.84 | -76.17% | ― | 138.94% | -62.94% |
* Energy Sector Average
LEU
Centrus Energy
193.11
129.45
203.35%
FRO
Frontline
34.16
20.56
151.16%
NOV
NOV
19.10
7.54
65.25%
URG
UR-Energy
1.59
0.97
156.45%
UEC
Uranium Energy
14.13
9.52
206.51%
UUUU
Energy Fuels
19.54
15.41
373.12%
Centrus Energy Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Centrus Energy Updates Bylaws, Tightens Governance and Disputes
Neutral
Mar 16, 2026
On March 10, 2026, Centrus Energy Corp.’s board adopted Fourth Amended and Restated Bylaws that clarify its stockholder voting standard without changing the substantive requirements, aligning the language with the company’s existing pr...
Business Operations and Strategy
Centrus Partners With Fluor to Expand Uranium Enrichment
Positive
Feb 11, 2026
On February 9, 2026, Centrus subsidiary American Centrifuge Operating entered an engineering, procurement and construction agreement with Fluor Federal Services to design, build and commission a commercial uranium enrichment facility expansion in ...
Business Operations and Strategy
Centrus Energy Expands Tennessee Facility for Advanced Enrichment
Positive
Jan 23, 2026
On January 23, 2026, Centrus Energy announced a major expansion of its Technology Manufacturing Center in Oak Ridge, Tennessee, converting it into a high-rate manufacturing plant for advanced uranium enrichment centrifuges. The company plans to i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.