Jim Cramer Says Centrus Energy is a “Good Company”

Centrus Energy Corp. (NYSE:LEU) is one of the stocks Jim Cramer spoke about recently. When a caller asked about the stock during the lightning round, Cramer said:

“Oh, look, that, it’s a good company. I mean, look, it did have that nice pullback, which is what I wanted to see because it was just parabolic. I think you’re fine in it. It’s not, look, after what I saw with American Electric Power, it’s not crazy expensive.”

Centrus Energy Corp. (NYSE:LEU) provides nuclear fuel components and enriched uranium products to nuclear power utilities. During the September 15 episode, a caller inquired about the stock, and Cramer replied:

“Okay, now this is a good example like Oklo. Okay, I am a big believer in nuclear power. This is a company that, it supplies low-enriched uranium, and that means it’s going higher. And now do I want it? All I can tell you is I’m not fighting it, okay? I’ve fought all these speculative stocks. This is really not even that speculative. It’s got a lot of money. I think it’s a good stock.”

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