J.P. Morgan starts Centrus Energy with 'neutral' rating

Centrus Energy

26/06/2025 14:12

** J.P. Morgan starts coverage on U.S.-based nuclear fuel supplier Centrus Energy LEU.A with a "neutral" rating

** New PT of $148 an 18.3% downside to stock's last close

**  Brokerage says LEU is one of two U.S. companies licensed to produce commercial Low-Enriched Uranium and the only one licensed for High-Assay Low-Enriched Uranium, both essential for nuclear fuel

** J.P. Morgan expects LEU to take a multi-billion-dollar investment to bring on enrichment capacity at its Piketon facility

** "Shares have been on a meteoric rise over the last 3-6 months on boosted US policy support and evolving geopolitical events, but we expect a return to better risk-adjusted levels" - brokerage

** 8 out of 11 brokerages rate the stock "buy" or higher, 3 "hold"; median PT is $154 - data compiled by LSEG

** As of last close, LEU shares up 172% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))