Why These Energy Stocks are Gaining This Week

4. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between Sep 25 – Oct 2: 11.82%

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

Centrus Energy Corp. (NYSEAMERICAN:LEU) continued to gain and skyrocketed to a 10-year high this week after uranium futures in the US soared to over $83 per pound, as investors weighed on whether the recent interest from physical funds coincided with the demand outlook for nuclear fuel.

Moreover, Centrus Energy Corp. (NYSEAMERICAN:LEU) recently announced plans for a multibillion-dollar expansion of its uranium enrichment facility in Ohio, boosting production of the nuclear fuel amidst the Trump administration’s efforts to reduce reliance on imports from Russia. The company revealed that the exact amount of the investment will depend on funding decisions from the US Energy Department.