With an upside potential of 23.29%, Centrus Energy Corp. (NYSE:LEU) is among the 8 Best Energy Infrastructure Stocks That Will Skyrocket.
Riley lowered its price target on Centrus Energy Corp. (NYSE:LEU) to $295 from $315 while maintaining a Buy rating on the shares. The adjustment reflects anticipated near-term cost pressures associated with the company’s uranium enrichment capacity expansion efforts. On April 20, Centrus Energy Corp. (NYSE:LEU) announced the selection of Geiger Brothers as the construction contractor for its previously disclosed multi-billion-dollar expansion of uranium enrichment capacity in Piketon, Ohio.
The project represents a significant milestone in scaling production of Low-Enriched Uranium and High-Assay Low-Enriched Uranium, with the company emphasizing its unique position as the only provider with deployment-ready technology capable of meeting both commercial and U.S. national security requirements. Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of enriched nuclear fuel and related services for the nuclear power industry. The company plays a critical role in the nuclear energy value chain by bridging the gap between uranium mining and power generation, while also supporting next-generation reactor development.