Needham cuts PT on Centrus Energy; cites higher capital needs, shipment‑timing impact

Centrus Energy

23/02/2026 14:09

** Brokerage Needham cuts price target on U.S.-based nuclear fuel supplier Centrus Energy LEU.N to $320 from $357

** The new PT still represents an upside of 57% to the stock's last close

** LEU cuts PT primarily reflecting higher near-term capital intensity in their model over the next three years.

** Brokerage says that reported 2025 results were modestly impacted by shipment timing rather than underlying demand

** "We view the earnings impact as a timing issue rather than a structural change in profitability, with strategic disclosures on the call far more relevant to the long-duration investment case"- Needham

** 11 of 16 brokerages rate the stock "buy" or higher, 5 "hold", median PT is $294- LSEG data

** In 2025, LEU was up 227.8%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))