Centrus secures $900 million task order from US Energy Department; shares rise

Centrus Energy

06/01/2026 21:23

** Shares of U.S.-based nuclear fuel supplier Centrus Energy LEU.N rise nearly 1.2% to about $315.3 in after-market trading

** Co selected by the U.S. Department of Energy for a $900 million task order to expand its uranium enrichment facility in Piketon, Ohio

** "Funding supports previously announced multi-billion dollar expansion at Centrus' enrichment facility in Ohio" — LEU

** Adds, project to create 1,000 construction jobs and 300 new operating jobs in Ohio

** Eleven of 16 brokerages rate the stock "buy" or higher and five "hold"; their median PT is $296, per data compiled by LSEG

** As of last close, LEU's shares up 271.8% since the start of 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))