Centrus Energy Secures $900 Million Task Order from DOE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 42 minutes ago
0mins
Source: seekingalpha
- Significant Contract Value: Centrus Energy has finalized a $900 million task order with the U.S. Department of Energy aimed at deploying large-scale High-Assay, Low-Enriched Uranium (HALEU) production capacity, reflecting strong market demand and government support in the nuclear sector.
- Production Ahead of Schedule: The company completed the final 900 kilograms of HALEU UF6 production two weeks early under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which indicates ongoing improvements in production efficiency and technical capabilities.
- Expansion Potential: The new contract includes options for up to $170 million in HALEU purchases, expected to drive Centrus's commercial-scale HALEU production capacity in Piketon to 12 metric tons annually while addressing a $2.4 billion backlog of Low-Enriched Uranium (LEU) orders, thereby solidifying its market position.
- Cost Control Advantage: Centrus anticipates that the initial build-out will enable it to achieve reduced manufacturing costs for advanced centrifuges, enhancing its competitiveness in the nuclear energy market and providing flexibility for future production expansion to meet evolving market demands.
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Analyst Views on LEU
Wall Street analysts forecast LEU stock price to rise
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 167.870
Low
117.00
Averages
297.10
High
390.00
Current: 167.870
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, which provides a source of carbon-free energy, and provides enrichment and technical services for public and private customers. The Company's segments include the Low-Enriched Uranium (LEU) segment and Technical Solutions. The LEU segment supplies various components of nuclear fuel to commercial customers from a network of suppliers. It involves the sale of LEU, which is a fissile component of nuclear fuel, primarily to utilities that operate commercial nuclear power plants. The Technical Solutions segment provides advanced uranium enrichment for the nuclear industry and the United States government and advanced manufacturing and other technical services to government and private sector customers. It operates uranium enrichment capacity for high assay low-enriched uranium (HALEU) production, and other capabilities necessary for production of advanced nuclear fuel.
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 Signs Over $1 Billion Contract
- Contract Value Milestone: Centrus Energy has signed a $900 million task order contract with the U.S. Department of Energy to support large-scale production of High-Assay, Low-Enriched Uranium (HALEU), with the total contract value exceeding $1 billion, marking a significant expansion in the nuclear energy sector.
- Production Ahead of Schedule: Centrus completed the production of 900 kilograms of HALEU UF6 two weeks ahead of schedule under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which demonstrates enhanced production capabilities and operational efficiency.
- Transition to Commercialization: Centrus is transitioning from a demonstration contract to commercialization, with new capacity expected to come online by 2029, while negotiating long-term lease agreements with the Department of Energy to ensure continuity of production and meet immediate customer needs.
- Expansion Plans: Centrus' modular enrichment capacity build-out will be based on customer demand, with an initial plan for 12 metric tons of annual HALEU production, which is expected to create thousands of American jobs and further solidify its leadership position in the nuclear fuel market.
See More
Centrus Energy Signs Over $1 Billion Contract
- Contract Value Surpass: Centrus Energy has signed a contract with the U.S. Department of Energy valued at over $1 billion, including a $900 million task order aimed at supporting the expansion of High-Assay, Low-Enriched Uranium (HALEU) production capacity, marking a significant shift towards commercialization.
- Production Ahead of Schedule: Centrus completed the production of 900 kilograms of HALEU UF6 two weeks ahead of schedule under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which highlights the enhancement of its production capabilities and operational efficiency.
- Job Creation: The expansion is expected to create 1,000 construction jobs and 300 operational jobs while retaining 150 existing positions, thereby contributing to economic growth in Ohio and Tennessee.
- Market Demand Response: Centrus' modular expansion plan will be driven by customer demand, with an initial target of 12 metric tons of annual HALEU production capacity, which is anticipated to address a $2.4 billion backlog of Low-Enriched Uranium (LEU) orders, enhancing the company's competitiveness in the nuclear energy market.
See More
Centrus Energy Secures $900 Million Task Order from DOE
- Significant Contract Value: Centrus Energy has finalized a $900 million task order with the U.S. Department of Energy aimed at deploying large-scale High-Assay, Low-Enriched Uranium (HALEU) production capacity, reflecting strong market demand and government support in the nuclear sector.
- Production Ahead of Schedule: The company completed the final 900 kilograms of HALEU UF6 production two weeks early under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which indicates ongoing improvements in production efficiency and technical capabilities.
- Expansion Potential: The new contract includes options for up to $170 million in HALEU purchases, expected to drive Centrus's commercial-scale HALEU production capacity in Piketon to 12 metric tons annually while addressing a $2.4 billion backlog of Low-Enriched Uranium (LEU) orders, thereby solidifying its market position.
- Cost Control Advantage: Centrus anticipates that the initial build-out will enable it to achieve reduced manufacturing costs for advanced centrifuges, enhancing its competitiveness in the nuclear energy market and providing flexibility for future production expansion to meet evolving market demands.
See More
Centrus Energy Secures $1.07 Billion Task Order
- Major Order Confirmation: Centrus Energy announced the finalization of a task order worth up to $1.07 billion with the U.S. Department of Energy, significantly enhancing the company's financial stability and market position.
- Clear Funding Purpose: The funds from this order will support the company's uranium enrichment business, expected to drive revenue growth in the coming years and provide financial backing for expansion in the nuclear energy sector.
- Positive Market Reaction: The confirmation of this order is likely to boost investor confidence, potentially leading to an increase in the company's stock price and enhancing its appeal in capital markets.
- Deepening Strategic Partnership: The collaboration with the U.S. Department of Energy further solidifies Centrus's critical role in national energy security and nuclear development, potentially paving the way for more future collaboration opportunities.
See More
Centrus Energy: Potential and Challenges in the Nuclear Market
- HALEU Market Monopoly: Centrus is the only U.S.-licensed producer of HALEU, with the market opportunity projected to reach $8 billion annually by 2035, growing at a compound annual growth rate of 10.8%, providing a significant competitive moat amid rising demand for advanced nuclear technologies.
- Mixed Q1 Performance: Centrus reported Q1 earnings with an EPS of $0.45, down from $1.60 last year, but a non-GAAP adjusted EPS of $1.05 exceeded expectations, while revenue rose 4.9% year-over-year to $76.7 million, prompting management to raise full-year revenue guidance to $450 million to $500 million, indicating strong market demand.
- Strategic Government Support: Centrus holds a vital position in Western energy infrastructure, with the U.S. government designating domestic fuel supply as a national security priority following the 2028 ban on Russian uranium imports, supported by a multi-phase DOE HALEU contract worth up to $900 million, mitigating capital risks.
- Long-Term Order Backlog: Centrus has a $3.9 billion long-term order backlog extending through 2040, and a recent agreement with nuclear plant builder Oklo to supply HALEU for multiple years enhances revenue predictability, further solidifying its market position.
See More
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- Top Global GreenTech Company: General Fusion was named the world's top GreenTech company by TIME in 2026, scoring 96.68 and surpassing over 8,300 applicants, highlighting its excellence in fusion technology innovation and commercialization efforts.
- Fusion Technology Breakthrough: The company's LM26 demonstration machine successfully heated plasma to approximately 8.4 million degrees Celsius in 2026, achieving a threefold increase in temperature, marking a significant step toward realizing fusion energy and enhancing its market competitiveness.
- Commercialization Progress: The framework agreement with Italy's Renexia signals General Fusion's move toward the commercial power grid; while non-binding, it lays a strategic foundation for future commercial deployment, boosting investor confidence.
- Public Listing Plans: The business combination agreement with Spring Valley Acquisition Corp. III is expected to make General Fusion the first publicly traded pure-play fusion company, with a transaction value of approximately $1 billion, potentially attracting a new class of retail investors into the sector.
See More
Centrus Energy Signs Over $1 Billion Contract
- Contract Value Milestone: Centrus Energy has signed a $900 million task order contract with the U.S. Department of Energy to support large-scale production of High-Assay, Low-Enriched Uranium (HALEU), with the total contract value exceeding $1 billion, marking a significant expansion in the nuclear energy sector.
- Production Ahead of Schedule: Centrus completed the production of 900 kilograms of HALEU UF6 two weeks ahead of schedule under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which demonstrates enhanced production capabilities and operational efficiency.
- Transition to Commercialization: Centrus is transitioning from a demonstration contract to commercialization, with new capacity expected to come online by 2029, while negotiating long-term lease agreements with the Department of Energy to ensure continuity of production and meet immediate customer needs.
- Expansion Plans: Centrus' modular enrichment capacity build-out will be based on customer demand, with an initial plan for 12 metric tons of annual HALEU production, which is expected to create thousands of American jobs and further solidify its leadership position in the nuclear fuel market.
See More
Centrus Energy Signs Over $1 Billion Contract
- Contract Value Surpass: Centrus Energy has signed a contract with the U.S. Department of Energy valued at over $1 billion, including a $900 million task order aimed at supporting the expansion of High-Assay, Low-Enriched Uranium (HALEU) production capacity, marking a significant shift towards commercialization.
- Production Ahead of Schedule: Centrus completed the production of 900 kilograms of HALEU UF6 two weeks ahead of schedule under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which highlights the enhancement of its production capabilities and operational efficiency.
- Job Creation: The expansion is expected to create 1,000 construction jobs and 300 operational jobs while retaining 150 existing positions, thereby contributing to economic growth in Ohio and Tennessee.
- Market Demand Response: Centrus' modular expansion plan will be driven by customer demand, with an initial target of 12 metric tons of annual HALEU production capacity, which is anticipated to address a $2.4 billion backlog of Low-Enriched Uranium (LEU) orders, enhancing the company's competitiveness in the nuclear energy market.
See More
Centrus Energy Secures $900 Million Task Order from DOE
- Significant Contract Value: Centrus Energy has finalized a $900 million task order with the U.S. Department of Energy aimed at deploying large-scale High-Assay, Low-Enriched Uranium (HALEU) production capacity, reflecting strong market demand and government support in the nuclear sector.
- Production Ahead of Schedule: The company completed the final 900 kilograms of HALEU UF6 production two weeks early under the existing demonstration contract, achieving a cumulative total of over 1,900 kilograms, which indicates ongoing improvements in production efficiency and technical capabilities.
- Expansion Potential: The new contract includes options for up to $170 million in HALEU purchases, expected to drive Centrus's commercial-scale HALEU production capacity in Piketon to 12 metric tons annually while addressing a $2.4 billion backlog of Low-Enriched Uranium (LEU) orders, thereby solidifying its market position.
- Cost Control Advantage: Centrus anticipates that the initial build-out will enable it to achieve reduced manufacturing costs for advanced centrifuges, enhancing its competitiveness in the nuclear energy market and providing flexibility for future production expansion to meet evolving market demands.
See More
Centrus Energy Secures $1.07 Billion Task Order
- Major Order Confirmation: Centrus Energy announced the finalization of a task order worth up to $1.07 billion with the U.S. Department of Energy, significantly enhancing the company's financial stability and market position.
- Clear Funding Purpose: The funds from this order will support the company's uranium enrichment business, expected to drive revenue growth in the coming years and provide financial backing for expansion in the nuclear energy sector.
- Positive Market Reaction: The confirmation of this order is likely to boost investor confidence, potentially leading to an increase in the company's stock price and enhancing its appeal in capital markets.
- Deepening Strategic Partnership: The collaboration with the U.S. Department of Energy further solidifies Centrus's critical role in national energy security and nuclear development, potentially paving the way for more future collaboration opportunities.
See More
Centrus Energy: Potential and Challenges in the Nuclear Market
- HALEU Market Monopoly: Centrus is the only U.S.-licensed producer of HALEU, with the market opportunity projected to reach $8 billion annually by 2035, growing at a compound annual growth rate of 10.8%, providing a significant competitive moat amid rising demand for advanced nuclear technologies.
- Mixed Q1 Performance: Centrus reported Q1 earnings with an EPS of $0.45, down from $1.60 last year, but a non-GAAP adjusted EPS of $1.05 exceeded expectations, while revenue rose 4.9% year-over-year to $76.7 million, prompting management to raise full-year revenue guidance to $450 million to $500 million, indicating strong market demand.
- Strategic Government Support: Centrus holds a vital position in Western energy infrastructure, with the U.S. government designating domestic fuel supply as a national security priority following the 2028 ban on Russian uranium imports, supported by a multi-phase DOE HALEU contract worth up to $900 million, mitigating capital risks.
- Long-Term Order Backlog: Centrus has a $3.9 billion long-term order backlog extending through 2040, and a recent agreement with nuclear plant builder Oklo to supply HALEU for multiple years enhances revenue predictability, further solidifying its market position.
See More
General Fusion Named World's Top GreenTech Company of 2026
- Top Global GreenTech Company: General Fusion was named the world's top GreenTech company by TIME in 2026, scoring 96.68 and surpassing over 8,300 applicants, highlighting its excellence in fusion technology innovation and commercialization efforts.
- Fusion Technology Breakthrough: The company's LM26 demonstration machine successfully heated plasma to approximately 8.4 million degrees Celsius in 2026, achieving a threefold increase in temperature, marking a significant step toward realizing fusion energy and enhancing its market competitiveness.
- Commercialization Progress: The framework agreement with Italy's Renexia signals General Fusion's move toward the commercial power grid; while non-binding, it lays a strategic foundation for future commercial deployment, boosting investor confidence.
- Public Listing Plans: The business combination agreement with Spring Valley Acquisition Corp. III is expected to make General Fusion the first publicly traded pure-play fusion company, with a transaction value of approximately $1 billion, potentially attracting a new class of retail investors into the sector.
See More
