Centrus (LEU) Shares Up After Jim Cramer Called It A Horst

Centrus Energy Corp. (NYSE:LEU) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. Centrus Energy Corp. (NYSE:LEU) is a uranium provider that sells different kinds of uranium products to nuclear power generation companies. Its shares are up by 156% over the past year and by 47% since Cramer discussed them in October. Centrus Energy Corp. (NYSE:LEU)’s stock closed 15% lower on November 5th after the firm reported its third quarter earnings report. The results saw the firm report $74.9 million in revenue and $0.19 in diluted earnings per share to miss analyst estimates of $80.4 million and $0.36. Centrus Energy Corp. (NYSE:LEU)’s shares had closed 7% higher on June 4th last year. On the same day, Bank of America commenced coverage to set a $160 share price target and a Buy rating for the shares. In its coverage, BofA had pointed towards Centrus Energy Corp. (NYSE:LEU)’s potential as being the only publicly traded company dealing in enriched uranium. Here’s what Cramer had said about the firm on Mad Money:

Centrus (LEU) Shares Up After Jim Cramer Called It A Horst

“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.”

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