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Centrus Energy (NYSE:LEU) Corp. (NYSE American:LEU) announced Thursday that Shahram Ghasemian, Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary, will resign from his positions effective June 29, 2025, to pursue another opportunity. Richard Emery, currently serving as Deputy General Counsel and Director of Corporate Compliance, will be appointed Acting General Counsel, Chief Compliance Officer, and Corporate Secretary upon Ghasemian’s departure. The leadership change comes as the company maintains strong financial performance, with a 190% return over the past year and revenue growth of nearly 59% in the last twelve months.
The announcement was made through a filing with the Securities and Exchange Commission, detailing the upcoming leadership transition. Centrus Energy, headquartered in Bethesda, Maryland, operates in the mining and quarrying of nonmetallic minerals sector. The company is incorporated in Delaware and trades its Class A Common Stock on the NYSE American under the ticker symbol LEU. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 2.12, indicating strong liquidity, and holds more cash than debt on its balance sheet.
This leadership change is part of Centrus Energy’s ongoing efforts to ensure continuity in its compliance and legal functions. The company has not disclosed further details about the search for a permanent replacement for the General Counsel position.
This information is based on a press release statement filed with the SEC.
In other recent news, Centrus Energy Corp. reported significant financial results for the first quarter of 2025, surpassing earnings expectations. The company posted an earnings per share of $1.60, well above the forecasted -$0.02, with revenue reaching $73.1 million, exceeding projections of $70.65 million. This performance marks a notable improvement from a previous net loss, with net income turning positive at $27.2 million. In addition to these financial results, Centrus Energy has doubled its "at the market" offering program to $200 million, allowing for more flexibility in raising capital.
Analysts have also shown a positive outlook for Centrus Energy. BofA Securities initiated coverage with a Buy rating and set a price target of $160, highlighting the company’s growth potential in the nuclear fuel sector. William Blair and Evercore ISI both rated the stock as Outperform, with Evercore ISI setting a price target of $145, emphasizing Centrus Energy’s unique position in the market. The company’s strategic shift from a broker to a producer and supplier is expected to enhance its market share significantly.
Centrus Energy’s advancements in technology, particularly in high-assay low-enriched uranium (HALEU) production, are noted as critical for the future of nuclear reactors. The company is also positioning itself for future growth by expanding its HALEU production capabilities, awaiting a $3.4 billion allocation from the Department of Energy. These developments, alongside strong analyst endorsements, indicate a positive trajectory for Centrus Energy in the evolving energy market.
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