Here is Why Centrus Energy Corp. (LEU) Jumped So High This Week

Centrus Energy Corp. (NYSEAMERICAN:LEU) was among the energy stocks that gained the most this week. In this article, we are going to discuss why the stock surged 21.9% between May 7th and May 14th.

A vast construction site with heavy machinery, materials, and workers, showcasing the company’s global presence.

Centrus Energy Corp. (NYSEAMERICAN:LEU) is a trusted supplier of nuclear fuel and services for the nuclear power industry.

The share price of Centrus Energy Corp. (NYSEAMERICAN:LEU) continues to surge after the company posted stellar results for the second consecutive quarter in its Q1 2025 last week. Centrus Energy’s EPS of $1.6 topped estimates by a significant $1.65, while its revenue also surged by 67.3% YoY to $73.1 million, and beat expectations by almost $5 million. The company has also expressed confidence in its compelling investment case for the $3.4 billion in funding that Congress has provided to jumpstart domestic nuclear fuel production.

Centrus Energy Corp. (NYSEAMERICAN:LEU) also received a boost after Evercore ISI initiated coverage of the stock this week, with an Outperform rating and a price target of $145. The firm highlighted LEU’s unique position in the nuclear fuel industry, as it spearheads the domestic production of High Assay Low-Enriched Uranium (HALEU), a critical component for powering next-generation nuclear reactors.

While we acknowledge the potential of LEU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than LEU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.