Why These Energy Stocks Are Gaining This Week

8. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between June 11 – June 18: 14.44%

Next on our list of Energy Stocks that Gained the Most this Week is Centrus Energy Corp. (NYSEAMERICAN:LEU), a trusted supplier of nuclear fuel and services for the nuclear energy industry.

Centrus Energy Corp. (NYSEAMERICAN:LEU) hit a 5-year high this week after a significant jump in the global price of uranium. Uranium futures in the U.S. are currently hovering around the $74.8 mark, up more than 7% over the last week, following a recent announcement by the Sprott Physical Uranium Trust that it would acquire around $200 million worth of physical uranium, twice the amount it initially signaled in its agreement with Canaccord Genuity.

Centrus Energy Corp. (NYSEAMERICAN:LEU) also received a boost after the analysts at Evercore ISI raised their price target from $145 to $205, while maintaining an ‘Outperform’ rating on the stock.