Why These Energy Stocks Are Gaining This Week

4. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between Sep 16 – July 23: 29.52%

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

Centrus Energy Corp. (NYSEAMERICAN:LEU) soared to a 10-year high this week after uranium futures in the US soared to over $80 per pound, the highest in ten months. The rally comes after U.S. Energy Secretary Chris Wright signed the Trump administration’s plans to boost the national strategic uranium reserves and reduce reliance on Russian imports.

Centrus Energy Corp. (NYSEAMERICAN:LEU) also made headlines last month after the company signed an MoU with Korea Hydro & Nuclear Power and POSCO International to expand its uranium operations in Ohio, indicating strong growth potential.