Why These Energy Stocks Are Gaining This Week

3. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between May 22 – May 29: 32.55%

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.