LEU
Centrus Energy Corp.

Centrus Energy Corp.LEU

Energy · Uranium
157.83USD
+1.92%
Sep 23, 2026
LEU overview ready
Sole U.S. Licensed HALEU Enrichment Facility Driving Domestic Nuclear Fuel Security
Centrus is a direct domestic enrichment-capacity developer and nuclear-fuel supplier, with its American Centrifuge operations at Piketon positioned to scale HALEU production while its legacy LEU segment supplies fuel components and enrichment-related services to utilities.
Direct narrative exposure
Exposed to the Nuclear Fuel Cycle Rebuild narrative through Domestic Enrichment and HALEU Capacity — bottleneck supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Dependence on government contracts and policy support.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 8

Conviction Level

NarrativeHeat7.0ThemeHeat7.5PriceAction3.4Valuation1.5CompanyPosition9.5
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$2.2B
Avg Volume (60D)
693.6K
60 sessions
Revenue Growth YoY
+1.5%
FY2025 vs FY2024
Gross Margin
+23.7%
Trailing twelve months
Operating Margin
+1.6%
Trailing twelve months
Free Cash Flow Yield
-7.6%
Distance from 200DMA
-23.1%
Next Earnings
2026-11-04
P/E
44.5x
EV / EBITDA
86.3x
EV / Sales
3.1x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Centrus Energy Corp. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 86.3x EBITDA and 3.1x revenue, which require sustained delivery to be justified.

What changed

  • CENTRUS ENERGY CORP — 8-K (items 1.01, 7.01, 8.01, 9.01)
    Reported on 8-K, dated 2026-09-11. LEU closed -8.2% while the broad market was close to flat (+0.8%).
    2026-09-11 · source
  • LEU fell 8.6% in one session
    LEU closed -8.6% while the broad market was close to flat (-0.6%).
    2026-09-10
  • CENTRUS ENERGY CORP — 8-K (items 8.01, 9.01)
    Reported on 8-K, dated 2026-09-09.
    2026-09-09 · source
  • Price structure deteriorated
    LEU: behavior moved from constructive pullback to damaged structure, and weekly structure moved from uptrend to downtrend.
    2026-09-06

Company Research

Thesis
Centrus is a direct domestic enrichment-capacity developer and nuclear-fuel supplier, with its American Centrifuge operations at Piketon positioned to scale HALEU production while its legacy LEU segment supplies fuel components and enrichment-related services to utilities.
Opportunity
High opportunity
Federal funding, energy-security policy, and advanced-reactor deployment are driving investment in secure U.S. Uranium enrichment capacity for conventional LEU and advanced-reactor HALEU fuel.
Key risk
Dependence on government contracts and policy support.

Narrative & Theme

Nuclear Fuel Cycle Rebuild
Part of Domestic Enrichment and HALEU Capacity, with strong fit.
Its earnings exposure is directly tied to a strategically scarce step in the domestic nuclear-fuel chain: uranium enrichment, especially HALEU required by many advanced-reactor designs.
Narrative HeatHeating up7.0 / 10
Theme HeatHeating up7.5 / 10

Business & Markets

Energy · Uranium
What they do

Centrus Energy Corp. supplies nuclear fuel components, including low-enriched uranium and related services, primarily to utilities operating nuclear power plants in the U.S. Internationally. It operates through two segments: Low-Enriched Uranium (LEU) and Technical Solutions.

How it earns

The company generates revenue primarily through transactional sales of uranium products and enrichment services to nuclear power utilities and technical service contracts.

Products & services
Low-enriched uranium (LEU) products
Separative work units (SWU)
Natural uranium hexafluoride
Uranium concentrates
Uranium conversion
Technical, manufacturing, engineering, and operations services
Customers & end markets
Nuclear power plant utilities
Public and private sector entities requiring technical nuclear services
Market position

Leader in the U.S. As the sole licensed HALEU enrichment facility with near-sole-source domestic positioning.

Demand drivers
Medium cyclicality

Demand depends on nuclear power plant operations and government contracts, which can fluctuate with energy policy and market conditions.