Centrus Energy rises after upsized $700 mln convertible bond sale

Centrus Energy

14/08/2025 11:38

** Shares of nuclear fuel supplier Centrus Energy LEU.A up 2.4% premarket to $191.95 after above-target capital raise

** Bethesda, Maryland-based LEU late Wed announced pricing $700 mln 0% 7-yr convertible bond offering

** Initial conversion price of $229.62 represents 22.5% premium to stock's last sale

** LEU shares on Wed slumped  ~14% to $187.44 after co announced $650 mln offering for general purposes

** Through Wed, shares up 181% YTD for $3.4 bln market cap

** 9 of 13 analysts rate LEU "strong buy" or "buy", rest rate "hold"; median PT $247 up from $205 a month ago - LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))