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Centrus Energy
(NYSE:LEU)
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Rating:61Neutral
Price Target:
$198.00
▲(20.81% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by mixed financial performance (margin compression, elevated leverage, and negative TTM operating/free cash flow) partly offset by a strong and optimistic earnings-call backdrop (large backlog, DOE support, and HALEU commercialization progress). Technicals are moderately supportive, while valuation is a headwind given the high P/E and no dividend yield.
Positive Factors
Large secured backlog and DOE task order
A $4.5B backlog extending through 2040 and a $900M DOE task order provide durable revenue visibility and non‑dilutive funding. This materially reduces financing risk for capacity build-out, supports multi-year contract coverage and underpins scale economics as commercial enrichment ramps.
Negative Factors
Negative operating and free cash flow
Sustained negative operating and free cash flow weakens internal funding for an aggressive capex program and increases reliance on external/non‑operating cash sources (prepayments, DOE funds, equity or debt). Persistently negative cash generation raises liquidity and execution risk during scale‑up.
Read all positive and negative factors
Positive Factors
Negative Factors
Large secured backlog and DOE task order
A $4.5B backlog extending through 2040 and a $900M DOE task order provide durable revenue visibility and non‑dilutive funding. This materially reduces financing risk for capacity build-out, supports multi-year contract coverage and underpins scale economics as commercial enrichment ramps.
Read all positive factors
Centrus Energy (LEU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.48B
Dividend YieldN/A
Average Volume (3M)851.28K
Price to Earnings (P/E)53.8
Beta (1Y)1.88
Revenue Growth-4.05%
EPS Growth-48.51%
CountryUS
Employees467
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)2.51
Shares Outstanding18,953,594
10 Day Avg. Volume981,373
30 Day Avg. Volume851,282
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$239.40Price Target Upside46.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)2.56
Revenue Forecast (FY)$458.73M
Centrus Energy Business Overview & Revenue Model
Company Description
Centrus Energy Corp. is a global provider of essential nuclear fuel and associated services to the nuclear power industry, serving markets including the United States, Japan, and Belgium. The company operates through two primary divisions: Low-Enr...
How the Company Makes Money
Centrus primarily makes money by selling nuclear fuel and fuel-related services under contracts with utilities and other nuclear fuel market participants. A core revenue stream is its nuclear fuel segment, which includes (a) supplying enriched ura...
Centrus Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed substantial operational and commercial progress—material backlog expansion ($4.5B), a $900M DOE task order, HALEU offtakes (including prepayments), completion of demo HALEU requirements ahead of schedule, a strong cash position ($1.9B), and a near-term milestone of the first centrifuge in 2026. These positives were tempered by near-term profitability pressures (GAAP net income and EPS declines), higher costs (LEU cost of sales +36%, increased SG&A and advanced technology costs), reduced SWU volumes (-23%) and continued execution and supply-chain risks as capital spending ramps toward 2029 production. Overall, the operational wins and secured funding/backlog meaningfully outweigh the near-term financial headwinds and execution risks.Positive Updates
Revenue Growth and Trailing Revenue
Q2 2026 revenue of $176.1M, up $21.6M or 14% year-over-year; trailing 12-month (TTM) revenue of $473.9M.
Negative Updates
Net Income Decline and EPS Pressure
GAAP net income declined to $16.8M in Q2 2026 from $28.9M in Q2 2025; GAAP diluted EPS was $0.77 vs $1.59 prior year. Adjusted EPS also decreased to $1.77 from $1.90 despite higher adjusted net income, suggesting share count or other adjustments impacted per-share metrics.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Trailing Revenue
Q2 2026 revenue of $176.1M, up $21.6M or 14% year-over-year; trailing 12-month (TTM) revenue of $473.9M.
Read all positive updates
Company Guidance
Centrus reaffirmed 2026 guidance for total company revenue of $450–$500 million and total capital spend of $350–$500 million, committed to finalizing contracts with 100% of identified critical partners, releasing a certified‑for‑construction package, and hiring at least 100 net new employees at Oak Ridge; it raised Piketon hiring guidance from "over 100" to "over 175" net new employees and announced it expects its first centrifuge to be completed at Oak Ridge sometime in 2026.Centrus Energy Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 473.90M | 448.70M | 442.00M | 320.20M | 293.80M | 298.30M |
| Gross Profit | 110.30M | 117.50M | 111.50M | 112.10M | 117.90M | 114.50M |
| EBITDA | 72.70M | 109.80M | 86.50M | 92.90M | 77.90M | 144.60M |
| Net Income | 48.50M | 77.80M | 73.20M | 84.40M | 52.20M | 175.00M |
Balance Sheet | ||||||
| Total Assets | 2.53B | 2.45B | 1.10B | 796.20M | 705.50M | 572.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87B | 1.96B | 701.40M | 201.20M | 179.90M | 193.80M |
| Total Debt | 1.18B | 1.22B | 547.20M | 177.10M | 169.80M | 134.20M |
| Total Liabilities | 1.69B | 1.68B | 937.60M | 763.90M | 779.60M | 714.30M |
| Stockholders Equity | 845.40M | 765.10M | 161.40M | 32.30M | -74.10M | -141.90M |
Cash Flow | ||||||
| Free Cash Flow | -222.10M | 31.30M | 32.90M | 7.50M | 19.90M | 48.80M |
| Operating Cash Flow | -90.10M | 51.00M | 37.00M | 9.10M | 20.60M | 50.00M |
| Investing Cash Flow | -132.00M | -19.70M | -4.10M | -1.60M | -700.00K | -1.20M |
| Financing Cash Flow | 1.22B | 1.22B | 437.10M | 13.90M | -4.30M | -9.90M |
Centrus Energy Technical Analysis
Neutral
163.89
Price Trends
170.88
Positive
183.04
Negative
225.68
Negative
Market Momentum
3.71
Negative
52.90
Neutral
73.02
Neutral
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 163.89 is below the 20-day moving average (MA) of 169.07, below the 50-day MA of 170.88, and below the 200-day MA of 225.68, indicating a neutral trend. The MACD of 3.71 indicates Negative momentum. The RSI at 52.90 is Neutral, neither overbought nor oversold. The STOCH value of 73.02 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $8.76B | 9.70 | 36.03% | 7.97% | 18.51% | 160.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $3.48B | 53.78 | 10.71% | ― | -4.05% | -48.51% | |
56 Neutral | $484.74M | -4.93 | -105.10% | ― | -7.62% | -88.28% | |
52 Neutral | $6.93B | 74.73 | 1.53% | 2.02% | -1.63% | -78.44% | |
52 Neutral | $4.75B | -43.32 | -8.08% | ― | -69.78% | -21.42% | |
49 Neutral | $2.86B | -37.61 | -11.29% | ― | 21.95% | 29.05% |
* Energy Sector Average
LEU
Centrus Energy
178.03
-56.91
-24.22%
FRO
Frontline
39.56
21.49
118.93%
NOV
NOV
19.90
8.28
71.27%
URG
UR-Energy
1.31
0.09
7.38%
UEC
Uranium Energy
10.76
0.91
9.24%
UUUU
Energy Fuels
12.90
3.30
34.38%
Centrus Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Centrus Energy signs uranium supply deal with X-energy
Positive
Aug 6, 2026
On August 6, 2026, Centrus Energy announced it had signed a definitive contract with X-energy to supply low-enriched uranium and high-assay low-enriched uranium for X-energy’s initial Xe-100 small modular reactors and TRISO-X fuel deployment...
Business Operations and StrategyFinancial Disclosures
Centrus Energy Secures Major HALEU Enrichment Contract
Positive
Jul 2, 2026
On June 30, 2026, Centrus subsidiary American Centrifuge Operating, LLC signed a $900 million fixed-price contract with the U.S. Department of Energy to establish new commercial HALEU enrichment capacity at its Piketon, Ohio facility. The agreemen...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Centrus Energy Extends Rights Plan and Confirms Governance Decisions
Positive
Jun 18, 2026
On June 18, 2026, Centrus Energy extended its Section 382 Rights Agreement through June 30, 2029, after stockholder approval at its annual meeting, aiming to protect significant net operating loss tax assets from potential limitations triggered by...
Business Operations and Strategy
Centrus Energy to Supply HALEU for Oklo Aurora
Positive
Jun 18, 2026
On June 18, 2026, Centrus Energy and advanced nuclear developer Oklo announced a non-binding letter of intent under which Centrus would supply domestically produced high-assay low-enriched uranium from its American Centrifuge Plant in Piketon, Ohi...
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.