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Centrus Energy Corp (LEU)
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Centrus Energy (LEU) AI Stock Analysis

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LEU

Centrus Energy

(LEU)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
$362.00
▲(31.38% Upside)
Centrus Energy's overall stock score reflects strong financial performance and positive earnings call sentiment as the most significant factors. The company's robust profitability, cash flow generation, and strategic initiatives support a positive outlook. However, high valuation and mixed technical indicators present potential risks. Investors should monitor leverage and market conditions closely.
Positive Factors
Cash Generation
Strong cash reserves enhance financial flexibility, allowing Centrus to invest in growth opportunities and weather economic uncertainties.
Market Demand
High market demand for enrichment services supports revenue growth and strengthens Centrus's competitive position in the nuclear fuel market.
Technological Advancements
Advancements in HALEU production enhance Centrus's technological edge, positioning it as a leader in advanced nuclear fuel solutions.
Negative Factors
Revenue Decline
A decline in revenue suggests potential challenges in maintaining sales volume, which could impact long-term financial performance.
Funding Uncertainty
Uncertainty in securing government funding may hinder Centrus's ability to expand its production capacity and meet market demand.
LEU Business Revenue Decrease
A decrease in LEU business revenue could indicate competitive pressures or market shifts, affecting Centrus's core business operations.

Centrus Energy (LEU) vs. SPDR S&P 500 ETF (SPY)

Centrus Energy Business Overview & Revenue Model

Company DescriptionCentrus Energy Corp (LEU) is a leading provider of nuclear fuel and services, focusing on the production and supply of enriched uranium for commercial nuclear power plants. The company operates primarily in the nuclear energy sector, catering to utilities and energy producers globally. Centrus develops advanced technology for uranium enrichment and offers a range of services including fuel supply, enrichment services, and related technologies designed to enhance the efficiency and safety of nuclear operations.
How the Company Makes MoneyCentrus Energy generates revenue primarily through the sale of enriched uranium and uranium enrichment services. The company's key revenue streams include long-term contracts with utility companies for the supply of nuclear fuel, which provides a stable income base. Additionally, Centrus engages in government contracts, particularly with the U.S. Department of Energy, for enrichment services and supply of fuel for national security purposes. The company also benefits from partnerships and collaborations with other entities in the nuclear sector, which can lead to new projects and additional revenue opportunities. Factors such as the global demand for clean energy solutions, regulatory support for nuclear energy, and advancements in enrichment technology play a significant role in driving Centrus's earnings.

Centrus Energy Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and increased net income year-to-date, bolstered by strategic partnerships and successful capital raises. Despite operating and gross losses for the quarter, the strong backlog, DOE waivers, and record SWU pricing indicate positive long-term prospects. The overall sentiment is positive, with highlights outweighing the lowlights.
Q3-2025 Updates
Positive Updates
Revenue Growth
Total revenue for the third quarter was $74.9 million, an increase of $17.2 million or 30% versus the same quarter last year.
Increased Net Income
2025 year-to-date net income was $60 million compared to $19.5 million during the same period last year.
Successful Capital Raise
Centrus closed an oversubscribed and upsized convertible senior note transaction, increasing unrestricted cash balance to over $1.6 billion.
SWU Pricing Surge
The spot price for LEU SWU soared to $220, near historic levels, indicating high demand for U.S.-owned enrichment capacity.
Partnership with KHNP and POSCO
Centrus signed an agreement with KHNP and POSCO International for a potential investment in enrichment capacity.
Strong Backlog
As of September 30, 2025, the company backlog stood at $3.9 billion, extending to 2040.
DOE Waivers
Centrus received waivers from the Department of Energy to continue to import LEU for all currently committed deliveries to U.S. customers in 2026 and 2027.
Negative Updates
Operating Loss
Centrus reported an operating loss of $16.6 million for the third quarter.
Gross Loss
The company experienced a gross loss of $4.3 million compared to a gross profit of $8.9 million in the same period last year.
Increased Costs
Cost of sales in the CTS segment grew $7.4 million to $26.6 million, attributed to cost increases under the HALEU operations contract.
Company Guidance
During the Centrus Energy Third Quarter 2025 Earnings Call, key guidance highlighted several financial and operational metrics. For the third quarter ended September 30, 2025, Centrus reported $74.9 million in revenue, a gross loss of $4.3 million, and an operating loss of $16.6 million. Despite these losses, the company achieved a net income of $3.9 million, with a cumulative net income of $60 million for the year-to-date compared to $19.5 million during the same period in 2024. Centrus announced a significant $1 billion at-the-market capital raise, aligning with their strategic expansion plans, and emphasized strong market demand for nuclear fuel, with the spot price for LEU SWU soaring to $220. The company also highlighted a backlog of $3.9 billion, extending to 2040, and discussed their ongoing preparations for industrial expansion, including a $805 million convertible senior note transaction.

Centrus Energy Financial Statement Overview

Summary
Centrus Energy demonstrates strong financial health with robust profitability and cash flow generation. The income statement reflects consistent revenue and profit growth, while the balance sheet shows improved leverage ratios. The cash flow statement highlights strong cash generation and efficient management. Overall, the company is on a positive financial trajectory, though careful monitoring of leverage is advised.
Income Statement
85
Very Positive
Centrus Energy shows strong profitability with a TTM gross profit margin of 36.05% and a net profit margin of 23.99%. The revenue growth rate of 3.94% in the TTM indicates steady growth. EBIT and EBITDA margins are robust at 28.15% and 29.78%, respectively, reflecting efficient operations. Overall, the income statement demonstrates solid financial performance with consistent revenue and profit growth.
Balance Sheet
70
Positive
The company's debt-to-equity ratio has improved to 1.20 in the TTM, indicating a more balanced capital structure compared to previous years. Return on equity is strong at 51.70%, showcasing effective use of equity to generate profits. However, the equity ratio is relatively low, suggesting potential risks in financial stability. The balance sheet reflects a positive trajectory but with caution needed regarding leverage.
Cash Flow
78
Positive
Centrus Energy's free cash flow growth rate of 37.43% in the TTM is impressive, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 0.24 and free cash flow to net income ratio of 0.94 indicate efficient cash flow management. The cash flow statement shows a healthy cash position with significant growth in free cash flow.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue454.10M442.00M320.20M293.80M298.30M247.20M
Gross Profit144.30M111.50M112.10M117.90M114.50M97.60M
EBITDA134.00M86.50M92.90M77.90M144.60M60.40M
Net Income113.70M73.20M84.40M52.20M175.00M54.40M
Balance Sheet
Total Assets2.24B1.09B796.20M705.50M572.40M486.30M
Cash, Cash Equivalents and Short-Term Investments1.63B671.40M201.20M179.90M193.80M152.00M
Total Debt1.21B157.00M174.50M163.70M131.20M116.50M
Total Liabilities1.88B932.00M763.90M779.60M714.30M806.90M
Stockholders Equity363.10M161.40M32.30M-74.10M-141.90M-320.60M
Cash Flow
Free Cash Flow146.50M32.90M7.50M19.90M48.80M65.70M
Operating Cash Flow157.30M37.00M9.10M20.60M50.00M67.10M
Investing Cash Flow-10.80M-4.10M-1.60M-700.00K-1.20M-1.40M
Financing Cash Flow1.26B437.10M13.90M-4.30M-9.90M-44.40M

Centrus Energy Technical Analysis

Technical Analysis Sentiment
Negative
Last Price275.54
Price Trends
50DMA
315.64
Negative
100DMA
259.45
Positive
200DMA
176.33
Positive
Market Momentum
MACD
-11.19
Positive
RSI
38.67
Neutral
STOCH
22.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LEU, the sentiment is Negative. The current price of 275.54 is below the 20-day moving average (MA) of 352.46, below the 50-day MA of 315.64, and above the 200-day MA of 176.33, indicating a neutral trend. The MACD of -11.19 indicates Positive momentum. The RSI at 38.67 is Neutral, neither overbought nor oversold. The STOCH value of 22.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LEU.

Centrus Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$5.28B41.8851.74%15.25%37.48%
72
Outperform
$5.27B22.139.93%4.48%-5.33%-59.96%
72
Outperform
$5.62B15.385.93%3.25%-1.43%-63.13%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
60
Neutral
$3.71B-18.17%103.69%-126.48%
55
Neutral
$5.87B-9.95%29737.95%-187.76%
44
Neutral
$541.75M-6.63-65.17%138.94%-62.94%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
LEU
Centrus Energy
275.54
184.03
201.10%
FRO
Frontline
24.10
6.67
38.27%
NOV
NOV
15.69
-0.21
-1.32%
URG
UR-Energy
1.30
0.13
11.11%
UEC
Uranium Energy
12.40
4.72
61.46%
UUUU
Energy Fuels
15.68
8.97
133.68%

Centrus Energy Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Centrus Energy Announces $1 Billion Equity Offering
Neutral
Nov 6, 2025

On November 6, 2025, Centrus Energy Corp. announced an at-the-market equity offering program, allowing the company to sell shares of its Class A common stock up to $1 billion through several sales agents, including Barclays and Citigroup. The proceeds from this program are intended for general corporate purposes, including technology investment, debt repayment, and potential acquisitions, potentially impacting the company’s operational flexibility and market positioning.

The most recent analyst rating on (LEU) stock is a Hold with a $368.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and Strategy
Centrus Energy Plans Expansion of Ohio Plant
Positive
Sep 25, 2025

On September 25, 2025, Centrus Energy Corp. announced plans to expand its uranium enrichment plant in Piketon, Ohio, contingent on federal funding decisions by the U.S. Department of Energy. The expansion could involve a multi-billion-dollar investment, creating 1,000 construction jobs and 300 new operations jobs while retaining 127 existing jobs. This initiative underscores Ohio’s role in supporting national economic and security interests, with Centrus aiming to enhance domestic uranium enrichment capacity and reduce reliance on foreign entities. The project is expected to support jobs across Centrus’ supply chain and contribute significantly to America’s nuclear energy leadership.

The most recent analyst rating on (LEU) stock is a Hold with a $164.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and Strategy
Centrus Energy Signs MOU for Uranium Expansion
Positive
Aug 26, 2025

On August 25, 2025, Centrus Energy announced a non-binding Memorandum of Understanding with Korea Hydro & Nuclear Power and POSCO International to explore potential investments for expanding its uranium enrichment plant in Piketon, Ohio. This agreement, attended by U.S. and South Korean officials, aims to deepen U.S.-Korea cooperation on civilian nuclear energy and reflects strong demand for U.S.-owned uranium enrichment capabilities. The MOU also includes exploring additional supply agreements for low-enriched uranium and high-assay, low-enriched uranium for next-generation reactors. The expansion of supply commitments is contingent upon Centrus receiving federal funding, which is crucial for competing against foreign enterprises and achieving economies of scale.

The most recent analyst rating on (LEU) stock is a Buy with a $275.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Executive/Board Changes
Centrus Energy CFO and Board Member Resignations
Neutral
Aug 22, 2025

Kevin J. Harrill resigned from his roles as Senior Vice President, Chief Financial Officer, and Treasurer of Centrus Energy Corp., effective August 10, 2025, but will remain until August 29, 2025, to ensure a smooth transition. Stephanie O’Sullivan also resigned from the Board of Directors on August 22, 2025, with her departure not due to any disagreements with the company.

The most recent analyst rating on (LEU) stock is a Buy with a $310.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Centrus Energy Secures DOE Waiver Extension for LEU
Positive
Aug 19, 2025

Centrus Energy Corp. received a waiver from the U.S. Department of Energy (DOE) on July 18, 2024, allowing the importation of low enriched uranium (LEU) from Russia for deliveries committed to U.S. customers in 2024 and 2025. On August 4, 2025, the DOE extended this waiver to include deliveries for 2026 and 2027, ensuring the company’s ability to fulfill its commitments and potentially stabilizing its operations amid regulatory constraints.

The most recent analyst rating on (LEU) stock is a Hold with a $204.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Centrus Energy Issues $805M Convertible Senior Notes
Neutral
Aug 18, 2025

On August 18, 2025, Centrus Energy Corp. announced the issuance of $805 million in 0% convertible senior notes due 2032 to qualified institutional buyers in a private placement. The notes, which are senior unsecured obligations, will mature on August 15, 2032, and the company plans to use the net proceeds of approximately $782.1 million for general corporate purposes. The issuance of these notes is expected to impact the company’s financial strategy by providing significant capital for future operations, while the terms of the notes offer flexibility for conversion and redemption under specific conditions.

The most recent analyst rating on (LEU) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Private Placements and Financing
Centrus Energy Announces $700M Convertible Notes Offering
Positive
Aug 14, 2025

On August 13, 2025, Centrus Energy Corp. announced the pricing of its upsized private offering of $700 million in zero-coupon convertible senior notes due 2032, aimed at qualified institutional buyers. This strategic financial move, which increased from an initial $650 million, is anticipated to raise approximately $680 million in net proceeds, intended for general corporate purposes, potentially strengthening Centrus’ market position and financial flexibility.

The most recent analyst rating on (LEU) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Centrus Energy Announces $650M Convertible Notes Offering
Positive
Aug 13, 2025

On August 12, 2025, Centrus Energy Corp. announced its intention to offer $650 million in convertible senior notes due 2032 in a private placement to qualified institutional buyers. This move is expected to provide Centrus with additional capital for general corporate purposes, potentially enhancing its operational capabilities and market positioning in the nuclear fuel industry. The notes will bear interest semiannually and have specific conditions for conversion, reflecting a strategic financial maneuver to bolster the company’s resources.

The most recent analyst rating on (LEU) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Centrus Energy Appoints New CFO Amid Leadership Changes
Neutral
Aug 8, 2025

On August 7, 2025, Kevin J. Harrill resigned as the Senior Vice President, Chief Financial Officer, and Treasurer of Centrus Energy Corp. to pursue other opportunities. His departure was amicable, and he will remain in an advisory role until August 29, 2025, to ensure a smooth transition. Todd K. Tinelli has been appointed as his successor, effective August 11, 2025. Tinelli, who has over 20 years of experience in the energy industry, will oversee Centrus’ financial operations and contribute to the company’s long-term growth strategy. His appointment underscores Centrus’ commitment to maintaining a strong leadership team as it aims to expand its uranium enrichment capacity in Ohio.

The most recent analyst rating on (LEU) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Centrus Energy stock, see the LEU Stock Forecast page.

Centrus Energy’s Earnings Call: Strong Margins Amid Revenue Challenges
Aug 8, 2025

Centrus Energy’s recent earnings call conveyed a generally positive sentiment, underscored by strong financial performance and strategic advancements in HALEU production. The company showcased improved gross margins and a robust cash position, setting a promising stage for future growth. However, challenges were noted with a decline in revenue and performance within the LEU segment, reflecting some hurdles in the current quarter.

Centrus Energy Reports Q2 2025 Financial Results
Aug 7, 2025

Centrus Energy Corp. is a leading American supplier of nuclear fuel and services, specializing in the production of High-Assay, Low-Enriched Uranium (HALEU) to support the nuclear power industry and meet clean energy demands. In its second quarter of 2025, Centrus Energy reported a net income of $28.9 million on revenues of $154.5 million, reflecting a decrease from the previous year. The company successfully completed Phase 2 of its HALEU Operation Contract, delivering 900 kilograms of HALEU to the Department of Energy, and secured a portion of Phase 3 valued at $110 million. Key financial metrics indicate a decrease in revenue from the LEU segment by 26% due to reduced uranium and SWU sales, while the Technical Solutions segment saw a 48% increase in revenue, driven by the HALEU contract. Gross profit rose by 48% to $53.9 million, and the company strengthened its balance sheet with $114 million from an equity offering. Looking ahead, Centrus Energy remains focused on expanding its enrichment capabilities and securing additional contracts to support its growth and contribute to the U.S. energy market.

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.Date of analysis: Nov 06, 2025