Centrus Energy Corp. (LEU) Gains More Than 100% After Jim Cramer Recommended An Alternative

We recently published Jim Cramer’s 13 Quantum Computing & Nuclear Stock Predictions – See How They Played Out! Centrus Energy Corp. (NYSE:LEU) is one of the stocks Jim Cramer recently discussed.

Centrus Energy Corp. (NYSE:LEU) is a uranium provider. Its shares have gained 151% year-to-date and are up by 108% since Cramer’s comments in February. One notable jump came in May when the stock rose by 37% over the course of several days. Driving this jump was President Trump’s executive order, which aimed to streamline the development of the nuclear power industry and unlock additional demand for Centrus Energy Corp. (NYSE:LEU)’s products. Here is what Cramer had said about the firm in February:

“What a horse. Okay, nuclear power… people just believe nuclear power, no matter what. Now, I think that’s fine, but I suggest that you calm down and you buy GE Vernova, which has been such an up stock and also has nat gas.”

Centrus Energy Corp. (LEU) Gains More Than 100% After Jim Cramer Recommended An Alternative

Cramer wasn’t a fan of Centrus Energy Corp. (NYSE:LEU) in July as he commented:

“Okay, and I know the company. Centrus Energy fits in this particular niche that I’ve been saying, along with Oklo. I am not going to go against anybody who wants to buy uranium or nuclear because it’s coming back. Do I think it’s going to come back within the time frame… That’s no longer necessary. We have a new kind of market. I believe… when you get the book that comes out at the end of September, How to Make Money in Any Market, you will see that I endorse having one speculative position in your portfolio. Make Centrus your speculative position, and I say you are on my team. You will make money in any market.”

While we acknowledge the risk and potential of LEU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LEU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.