Why These Energy Stocks Are Gaining This Week

8. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between June 5 – June 12: 16.21%

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

Centrus Energy Corp. (NYSEAMERICAN:LEU) continues to surge and closed at its 5-year high this week after its business partner, Oklo, secured an important new government contract to supply nuclear energy to the Eielson Air Force base in Alaska. Since Centrus has a memorandum of understanding (MoU) with Oklo to supply the latter with high-assay low-enriched uranium (HALEU), the Eielson project is sure to also include Centrus, providing it with years of steady and reliable business.

Centrus Energy Corp. (NYSEAMERICAN:LEU) also received a boost recently after analysts at BofA initiated coverage of the stock with a ‘Buy’ rating and a price target of $160.

Thanks to America’s reinvigorated interest in nuclear energy, Centrus Energy Corp. (NYSEAMERICAN:LEU) has gained almost 114% since the beginning of the year.