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Centrus Energy
(NYSE:LEU)
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Rating:59Neutral
Price Target:
$192.00
▼(-0.72% Downside)
Action:Reiterated
Date:08/19/26
Overall score is weighed down primarily by weakening cash flow and compressed profitability, despite positive revenue scale and improved (but still leveraged) balance-sheet structure. Offsetting these risks, the latest earnings call conveyed strong strategic momentum via a large backlog, DOE funding support, and clear operational milestones, while technicals are moderately supportive in the near term. Valuation remains a headwind given the high P/E and lack of dividend yield support.
Positive Factors
Large contracted backlog
The long-dated backlog provides substantial revenue visibility and supports a durable market position in enriched uranium and technical services. Definitive agreements covering much of the enrichment backlog reduce reliance on spot-market demand.
Negative Factors
Negative cash generation
Negative operating and free cash flow indicate that current earnings are not translating into internally generated funding. Continued outflows could increase dependence on cash reserves, customer funding, or capital markets as expansion progresses.
Read all positive and negative factors
Positive Factors
Negative Factors
Large contracted backlog
The long-dated backlog provides substantial revenue visibility and supports a durable market position in enriched uranium and technical services. Definitive agreements covering much of the enrichment backlog reduce reliance on spot-market demand.
Read all positive factors
Centrus Energy (LEU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.74B
Dividend YieldN/A
Average Volume (3M)851.28K
Price to Earnings (P/E)77.6
Beta (1Y)1.95
Revenue Growth8.47%
EPS Growth-59.16%
CountryUS
Employees467
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)2.51
Shares Outstanding19,233,658
10 Day Avg. Volume981,373
30 Day Avg. Volume851,282
Financial Highlights & Ratios
PEG Ratio-15.73
Price to Book (P/B)5.70
Price to Sales (P/S)9.72
P/FCF Ratio139.35
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$243.33Price Target Upside25.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)2.49
Revenue Forecast (FY)$469.68M
Centrus Energy Business Overview & Revenue Model
Company Description
Centrus Energy Corp. is a global provider of essential nuclear fuel and associated services to the nuclear power industry, serving markets including the United States, Japan, and Belgium. The company operates through two primary divisions: Low-Enr...
How the Company Makes Money
Centrus primarily makes money by selling nuclear fuel and fuel-related services under contracts with utilities and other nuclear fuel market participants. A core revenue stream is its nuclear fuel segment, which includes (a) supplying enriched ura...
Centrus Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed substantial operational and commercial progress—material backlog expansion ($4.5B), a $900M DOE task order, HALEU offtakes (including prepayments), completion of demo HALEU requirements ahead of schedule, a strong cash position ($1.9B), and a near-term milestone of the first centrifuge in 2026. These positives were tempered by near-term profitability pressures (GAAP net income and EPS declines), higher costs (LEU cost of sales +36%, increased SG&A and advanced technology costs), reduced SWU volumes (-23%) and continued execution and supply-chain risks as capital spending ramps toward 2029 production. Overall, the operational wins and secured funding/backlog meaningfully outweigh the near-term financial headwinds and execution risks.Positive Updates
Revenue Growth and Trailing Revenue
Q2 2026 revenue of $176.1M, up $21.6M or 14% year-over-year; trailing 12-month (TTM) revenue of $473.9M.
Negative Updates
Net Income Decline and EPS Pressure
GAAP net income declined to $16.8M in Q2 2026 from $28.9M in Q2 2025; GAAP diluted EPS was $0.77 vs $1.59 prior year. Adjusted EPS also decreased to $1.77 from $1.90 despite higher adjusted net income, suggesting share count or other adjustments impacted per-share metrics.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Trailing Revenue
Q2 2026 revenue of $176.1M, up $21.6M or 14% year-over-year; trailing 12-month (TTM) revenue of $473.9M.
Read all positive updates
Company Guidance
Centrus reaffirmed 2026 guidance for total company revenue of $450–$500 million and total capital spend of $350–$500 million, committed to finalizing contracts with 100% of identified critical partners, releasing a certified‑for‑construction package, and hiring at least 100 net new employees at Oak Ridge; it raised Piketon hiring guidance from "over 100" to "over 175" net new employees and announced it expects its first centrifuge to be completed at Oak Ridge sometime in 2026.Centrus Energy Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 473.90M | 448.70M | 442.00M | 320.20M | 293.80M | 298.30M |
| Gross Profit | 110.30M | 117.50M | 111.50M | 112.10M | 117.90M | 114.50M |
| EBITDA | 72.70M | 109.80M | 86.50M | 92.90M | 77.90M | 144.60M |
| Net Income | 48.50M | 77.80M | 73.20M | 84.40M | 52.20M | 175.00M |
Balance Sheet | ||||||
| Total Assets | 2.53B | 2.45B | 1.10B | 796.20M | 705.50M | 572.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87B | 1.96B | 701.40M | 201.20M | 179.90M | 193.80M |
| Total Debt | 1.18B | 1.22B | 547.20M | 177.10M | 169.80M | 134.20M |
| Total Liabilities | 1.69B | 1.68B | 937.60M | 763.90M | 779.60M | 714.30M |
| Stockholders Equity | 845.40M | 765.10M | 161.40M | 32.30M | -74.10M | -141.90M |
Cash Flow | ||||||
| Free Cash Flow | -222.10M | 31.30M | 32.90M | 7.50M | 19.90M | 48.80M |
| Operating Cash Flow | -90.10M | 51.00M | 37.00M | 9.10M | 20.60M | 50.00M |
| Investing Cash Flow | -132.00M | -19.70M | -4.10M | -1.60M | -700.00K | -1.20M |
| Financing Cash Flow | 1.22B | 1.22B | 437.10M | 13.90M | -4.30M | -9.90M |
Centrus Energy Technical Analysis
Positive
193.39
Price Trends
174.28
Positive
182.10
Positive
213.89
Negative
Market Momentum
3.26
Positive
53.49
Neutral
47.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LEU, the sentiment is Positive. The current price of 193.39 is above the 20-day moving average (MA) of 184.72, above the 50-day MA of 174.28, and below the 200-day MA of 213.89, indicating a neutral trend. The MACD of 3.26 indicates Positive momentum. The RSI at 53.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LEU.
Centrus Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $9.17B | 10.78 | 36.03% | 7.97% | 18.51% | 160.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $7.21B | 79.85 | 1.53% | 2.02% | -1.63% | -78.44% | |
59 Neutral | $3.74B | 77.60 | 7.06% | ― | 8.47% | -59.16% | |
57 Neutral | $6.50B | -61.46 | -8.08% | ― | -69.78% | -21.42% | |
49 Neutral | $3.92B | -46.99 | -11.29% | ― | 62.51% | 30.69% | |
44 Neutral | $604.75M | -6.65 | -110.66% | ― | -11.17% | -39.84% |
* Energy Sector Average
LEU
Centrus Energy
194.78
-14.60
-6.97%
FRO
Frontline
43.75
24.96
132.89%
NOV
NOV
20.76
7.87
61.08%
URG
UR-Energy
1.53
0.14
10.07%
UEC
Uranium Energy
13.62
3.14
29.96%
UUUU
Energy Fuels
15.74
4.06
34.76%
Centrus Energy Corporate Events
Business Operations and StrategyExecutive/Board Changes
Centrus Energy Approves New Performance-Based Executive Incentives
Positive
Aug 18, 2026
On August 15, 2026, Centrus Energy’s board committee approved a special one-time grant of performance-based restricted stock units to executive officers and selected senior leaders under a new Supplemental Executive Incentive Plan tied to it...
Business Operations and StrategyPrivate Placements and Financing
Centrus Energy signs uranium supply deal with X-energy
Positive
Aug 6, 2026
On August 6, 2026, Centrus Energy announced it had signed a definitive contract with X-energy to supply low-enriched uranium and high-assay low-enriched uranium for X-energy’s initial Xe-100 small modular reactors and TRISO-X fuel deployment...
Business Operations and StrategyFinancial Disclosures
Centrus Energy Secures Major HALEU Enrichment Contract
Positive
Jul 2, 2026
On June 30, 2026, Centrus subsidiary American Centrifuge Operating, LLC signed a $900 million fixed-price contract with the U.S. Department of Energy to establish new commercial HALEU enrichment capacity at its Piketon, Ohio facility. The agreemen...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Centrus Energy Extends Rights Plan and Confirms Governance Decisions
Positive
Jun 18, 2026
On June 18, 2026, Centrus Energy extended its Section 382 Rights Agreement through June 30, 2029, after stockholder approval at its annual meeting, aiming to protect significant net operating loss tax assets from potential limitations triggered by...
Business Operations and Strategy
Centrus Energy to Supply HALEU for Oklo Aurora
Positive
Jun 18, 2026
On June 18, 2026, Centrus Energy and advanced nuclear developer Oklo announced a non-binding letter of intent under which Centrus would supply domestically produced high-assay low-enriched uranium from its American Centrifuge Plant in Piketon, Ohi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.