Centrus Energy (NYSE: LEU) Announces $560 Million Expansion in Tennessee, Creating 430 Jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: PRnewswire
- Major Investment Plan: Centrus Energy plans to invest over $560 million in Anderson County, Tennessee, transforming its Oak Ridge facility into a high-rate manufacturing plant, which is expected to create nearly 430 new jobs, thereby boosting local economic growth and enhancing energy independence.
- Advanced Technology Application: This expansion will support Centrus's production of thousands of advanced centrifuges for its Ohio uranium enrichment plant, with the first new centrifuges expected to come online in 2029, further strengthening America's competitiveness in the nuclear energy sector.
- Nuclear Energy Fund Support: Centrus becomes the eighth beneficiary of Tennessee's Nuclear Energy Fund, which has reached a total of $70 million, aimed at strengthening the state's nuclear infrastructure through strategic investments to promote clean energy development.
- Local Economic Impact: Tennessee Governor Bill Lee stated that this investment will not only create new job opportunities but also solidify Tennessee's position as a hub for nuclear innovation and advanced manufacturing, driving sustainable regional economic development.
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Analyst Views on LEU
Wall Street analysts forecast LEU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LEU is 297.10 USD with a low forecast of 117.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 337.760
Low
117.00
Averages
297.10
High
390.00
Current: 337.760
Low
117.00
Averages
297.10
High
390.00
About LEU
Centrus Energy Corp. is a supplier of nuclear fuel components for the nuclear power industry. Its segments include Low-Enriched Uranium (LEU) and Technical Solutions. Its LEU segment supplies various components of nuclear fuel to commercial customers from its global network of suppliers. The LEU segment consists of two components: SWU and natural uranium hexafluoride. It supplies LEU and its components to both domestic and international utilities for use in nuclear reactors worldwide. It provides LEU from multiple sources, including its inventory, medium- and long-term supply contracts, and spot purchases. It also sells natural uranium hexafluoride and occasionally sells uranium concentrates. The Technical Solutions segment provides advanced engineering, design, and manufacturing services to government and private sector customers. It is deploying uranium enrichment and other capabilities necessary to produce advanced nuclear fuel to power existing reactors around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Centrus Energy to Host Q4 2025 Earnings Call
- Earnings Release Schedule: Centrus Energy will release its Q4 and full-year 2025 earnings report after market close on February 10, 2026, which is expected to provide crucial guidance for the company's future financial performance.
- Conference Call Timing: The company is set to host a conference call on February 11, 2026, at 8:30 a.m. ET, where it will share financial data with shareholders and the financial community, enhancing transparency and investor confidence.
- Webcast Availability: The call will be broadcast live via CentrusEnergy.com, allowing investors to access the meeting link through the Investor Relations section of the website, ensuring widespread dissemination of information.
- Contribution to Clean Energy: Since 1998, Centrus Energy has supplied over 1,850 reactor years of fuel to utility customers, equivalent to more than 7 billion tons of coal, highlighting the company's significant role in providing clean, affordable, carbon-free energy.
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Centrus Energy Schedules Q4 2025 Earnings Call
- Earnings Release Schedule: Centrus Energy will release its Q4 and full-year 2025 earnings report after market close on February 10, 2026, which is expected to significantly impact the company's future performance.
- Conference Call Timing: The company has scheduled a conference call for February 11, 2026, at 8:30 a.m. ET, where it will share financial information with shareholders and the financial community, enhancing transparency and investor confidence.
- Webcast Availability: The conference call will be broadcast live via CentrusEnergy.com, with a link available in the Investor Relations section, ensuring broad dissemination of information to stakeholders.
- Company Background: Since 1998, Centrus Energy has supplied nuclear fuel and services to the nuclear power industry, providing over 1,850 reactor years of fuel, equivalent to more than 7 billion tons of coal, highlighting its critical role in the clean energy sector.
Continue Reading