William Blair starts Centrus Energy stock at Outperform

On Wednesday, William Blair, a research firm, initiated coverage on Centrus Energy Corp. (NYSE:LEU) with an Outperform rating. The firm’s analyst highlighted Centrus Energy’s unique position in the market as the only U.S.-owned uranium enricher, which offers the company technological and national security advantages. The stock has shown remarkable momentum, delivering a 150% return over the past year and currently trading near its 52-week high of $129.12. According to InvestingPro analysis, the company maintains strong financial health with an overall score of "GREAT."

The transition of Centrus from a broker of foreign nuclear fuel to a producer and supplier is expected to allow the company to gain significant market share. The analyst anticipates that Centrus will become a key supplier of low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) to the U.S. commercial nuclear fleet. The company’s strong financial position is evident in its current ratio of 2.12, indicating ample liquidity to support its growth initiatives. Revenue growth has been robust at 58.7% over the last twelve months.

The report from William Blair suggests that Centrus Energy’s strategic shift could enable it to capture a considerable portion of the market, due to its domestic ownership and the growing demand for nuclear fuel. The firm believes that Centrus’s advancements in technology and its alignment with national security interests will be beneficial for its growth.

In the analyst’s view, the potential market share gain by Centrus is not just a business development but also a strategic enhancement for the energy sector. The emphasis on Centrus’s role in national security underscores the importance of domestically sourced energy resources.

The recommendation by William Blair to include Centrus Energy in an energy-themed investor’s portfolio is based on the firm’s positive outlook on the company’s future performance. This endorsement reflects the analyst’s confidence in Centrus Energy’s capacity to perform well in the evolving energy market. Analyst consensus is notably bullish, with price targets ranging from $69 to $300 per share. For deeper insights into Centrus Energy’s valuation and growth prospects, InvestingPro subscribers can access 15+ additional ProTips and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US equities.

In other recent news, Centrus Energy Corp. reported strong financial results for the first quarter of 2025, significantly surpassing earnings expectations. The company posted an earnings per share (EPS) of $1.60, far exceeding the forecast of -$0.02, with revenue reaching $73.1 million, surpassing projections of $70.65 million. Additionally, Centrus Energy announced an expansion of its "at the market" (ATM) offering program, increasing the maximum amount of Class A Common Stock available for sale to $200 million, up from the previous limit of $100 million. Approximately $117.1 million worth of shares remains available for sale under this program. In a recent development, Evercore ISI initiated coverage on Centrus Energy with an Outperform rating and a price target of $145, highlighting the company’s unique position in the nuclear fuel industry. Centrus Energy is noted as the only public company focusing on nuclear fuel enrichment globally, with a Nuclear Regulatory Commission license for High Assay Low-Enriched Uranium (HALEU) production. The firm’s analysis suggests that Centrus is a critical holding for investors seeking exposure to the nuclear sector. These recent developments reflect Centrus Energy’s strategic initiatives and financial health, positioning the company favorably within the nuclear landscape.

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