Why These Energy Stocks are Gaining This Week

3. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between July 7 – July 11: 12.39%

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

Centrus Energy Corp. (NYSEAMERICAN:LEU) has been the center of attention amid a strong interest by the White House to quadruple America’s nuclear energy capacity and promote the domestic mining and enrichment of uranium. LEU surged to a 5-year high this week after Northland initiated coverage of the stock with an ‘Outperform’ rating and a price target of $205. The analyst remains bullish on the future of nuclear power given its attractiveness as a scalable, carbon-free baseload energy source as well as ‘major’ policy tailwinds.

Centrus Energy Corp. (NYSEAMERICAN:LEU) also received a major boost last month after the US Department of Energy extended the company’s contract to produce high-assay, low-enriched uranium (HALEU) through June 30, 2026, with additional options for continued production for up to eight additional years.