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Centrus Energy (NYSE:LEU) Corp. (NYSE American:LEU), a company currently valued at $3.4 billion and showing remarkable market performance with a 166% year-to-date return, reported several executive changes and a board resignation, according to a press release statement based on a filing with the Securities and Exchange Commission. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.59, indicating solid liquidity.
As previously disclosed, Kevin J. Harrill resigned as Senior Vice President, Chief Financial Officer, and Treasurer, effective August 10, 2025. Harrill has agreed to remain with the company until August 29, 2025, to support the transition to his successor. During this period, he will continue to receive his current compensation. The transition comes at a time when Centrus Energy shows strong operational performance, with a gross profit margin of 36% and revenue growth of 13% in the last twelve months. For deeper insights into Centrus Energy’s financial metrics and future outlook, investors can access the comprehensive Pro Research Report available on InvestingPro.
Centrus Energy and Harrill entered into a Waiver and Release Agreement, effective Thursday. Under the terms of this agreement, Harrill will receive a cash payment of $608,344, a pro rata portion of his 2025 cash incentive award with a minimum value of $159,120 (subject to adjustment based on company performance), and health insurance premiums for one year. The company will also accelerate the vesting of 5,722 outstanding unvested performance-based restricted stock units, contingent on Harrill’s continued employment through August 29, 2025, and satisfactory service as an advisor during the transition.
The full text of the Waiver and Release Agreement is expected to be filed as an exhibit to the company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.
In addition, Centrus Energy announced that Stephanie O’Sullivan resigned from the Board of Directors, effective Friday. The company stated that O’Sullivan’s resignation was not due to any dispute or disagreement with the company or its board regarding operations, policies, or practices.
Centrus Energy, headquartered in Bethesda, Maryland, is incorporated in Delaware and its Class A common stock is traded on the NYSE American under the symbol LEU. The stock currently trades at $186.47, near its 52-week high of $264.90, with analysts setting price targets ranging from $108 to $310. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with 16 additional ProTips available for subscribers.
In other recent news, Centrus Energy has reported a strong second-quarter performance for 2025, with revenue reaching $154.5 million and a gross profit of $53.9 million. These results exceeded Stifel’s estimates by 22.8% and 85.6%, respectively, leading the firm to raise its price target for Centrus Energy to $242 while maintaining a Buy rating. Additionally, Centrus Energy has announced the pricing of an upsized private offering of $700 million in zero-coupon convertible senior notes due in 2032. This offering, increased from an initial $650 million, is aimed at qualified institutional buyers, with an option for purchasers to acquire an additional $105 million in notes. Furthermore, Centrus Energy has received a waiver from the U.S. Department of Energy allowing the import of low enriched uranium from Russia for deliveries in 2026 and 2027. This follows a previous waiver for imports in 2024 and 2025. These developments highlight Centrus Energy’s strategic financial maneuvers and regulatory compliance efforts.
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