Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Stifel has raised its price target on Centrus Energy Corp. (NYSE:LEU) to $242.00 from $220.00 while maintaining a Buy rating, citing the company’s strong second-quarter performance. The company, currently valued at $4.06 billion, has seen its stock surge over 235% year-to-date.
Centrus Energy reported second-quarter 2025 revenue of $154.5 million and gross profit of $53.9 million, exceeding Stifel’s estimates by 22.8% and 85.6%, respectively. The firm attributed the robust top-line performance to stronger SWU (separative work unit) pricing, which offset the absence of uranium sales in the quarter. The company maintains a healthy financial position with a current ratio of 2.59, according to InvestingPro data.
The company has completed phase 2 of its High-Assay Low-Enriched Uranium (HALEU) program, successfully delivering 900 kg of HALEU to the Department of Energy (DOE). Following this milestone, the DOE exercised its option for phase 3 of the program.
Stifel noted that Centrus Energy is "very well positioned to benefit from the expected rise in nuclear power generation over the next 10+ years," supporting its continued Buy rating on the stock.
The price target increase from $220 to $242 reflects Stifel’s confidence in Centrus Energy’s business outlook and performance in the nuclear fuel sector.
In other recent news, Centrus Energy Corp. reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share of $1.59, nearly doubling the anticipated $0.84, resulting in an EPS surprise of 89.29%. Revenue reached $154.5 million, exceeding the forecast of $130.18 million by 18.68%. Additionally, William Blair reiterated an Outperform rating on Centrus Energy, highlighting the company’s strong quarterly performance and rising SWU pricing. In contrast, BofA Securities downgraded the stock from Buy to Neutral, despite raising the price target to $285.00 from $210.00, following the earnings report. The downgrade was attributed to the company’s current valuation, although the quarterly results exceeded expectations due to favorable sales timing and contract mix. Centrus Energy also announced the appointment of Todd Tinelli as the new Chief Financial Officer, effective August 11, succeeding Kevin Harrill. Harrill will remain with the company until August 29 to ensure a smooth transition.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.