Why These Energy Stocks are Gaining This Week

8. Centrus Energy Corp. (NYSEAMERICAN:LEU)

Share Price Gains Between Oct. 3 and Oct. 10: 5.89%

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

As one of two US suppliers licensed to produce low-enriched uranium (LEU) and the only American company to produce high-assay low-enriched uranium (HALEU), Centrus Energy Corp. (NYSEAMERICAN:LEU) continues to skyrocket amid the White House’s push to boost the national strategic uranium reserves and reduce reliance on Russian imports. The stock has also gained from the recent uptick in prices of the nuclear fuel, with uranium futures in the US recently soaring to over $83 per pound and currently hovering just below $79 per pound.

With nuclear energy regaining the national spotlight, Centrus Energy Corp. (NYSEAMERICAN:LEU) remains well-positioned to profit from the increasing demand for uranium. The company also recently announced plans for a multibillion-dollar expansion of its uranium enrichment facility in Ohio, amid the Trump administration’s efforts to boost local supplies and reduce reliance on imports from Russia.