Here is Why Centrus Energy (LEU) Skyrocketed This Week

The share price of Centrus Energy Corp. (NYSEAMERICAN:LEU) surged by 32.55% between May 22 and May 29, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

Here is Why Centrus Energy (LEU) Skyrocketed This Week

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.

Centrus Energy Corp. (NYSEAMERICAN:LEU) recently soared to a 5-year high after President Trump signed an executive order to reinvigorate America’s nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. The strategic move also aims to boost the country’s domestic production and enrichment of uranium and decrease reliance on imports from Russia and China, given the current geopolitical landscape. The rising demand is also expected to garner increased investor interest and drive up prices of the nuclear fuel, which are currently hovering just above the $71 per pound mark after hitting a 14-year high of $82 in February last year.

It must be mentioned that Centrus Energy Corp. (NYSEAMERICAN:LEU) posted very strong results for its Q1 2025 earlier this month, beating forecasts in both profits and revenue. Moreover, LEU received a boost after Evercore ISI recently initiated coverage of the stock with an Outperform rating and a price target of $145.

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.