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Recent Updates — LEU

September 11, 2026View Source ↗

Centrus Energy Corp. priced an underwritten public offering of Class A common stock, pre-funded warrants, and common warrants for gross proceeds of approximately $500 million on September 9, 2026. The company sold 500,000 shares at a combined price of $199.64 per share with accompanying warrants. It also issued 2,005,513 pre-funded warrants exercisable immediately at $0.10 per share and 6,992,382 common warrants divided into four series with exercise prices ranging from $226.86 to $362.98 per share. The offering closed on September 11, 2026, with net proceeds intended for general corporate purposes, including debt repayment and potential acquisitions. Separately, Centrus disclosed advanced discussions regarding a potential acquisition of a domestic manufacturing supplier for approximately $115 million to $125 million. Centrus Energy Corp. operates in the nuclear energy sector, providing fuel and services to the nuclear power industry.

September 9, 2026View Source ↗

On September 9, 2026, Centrus Energy Corp. announced a definitive multi-year contract with Radiant Industries to supply high-assay low-enriched uranium (HALEU) for Radiant's Kaleidos microreactors. Deliveries are scheduled to begin before the end of the decade. The agreement includes prepayments from Radiant to Centrus, which will advance the build-out of domestic enrichment capacity. This partnership expands Centrus' backlog and strengthens its position as a leading supplier for next-generation nuclear technologies. Centrus Energy Corp. operates in the nuclear energy sector, providing uranium fuel and enrichment services.

August 18, 2026View Source ↗

Centrus Energy Corp announced a special one-time grant of performance-based restricted stock units to executive officers and senior leaders on August 15, 2026. Vesting is contingent upon achieving enrichment from the first cascade at its Piketon, Ohio facility and other milestones. The maximum value for named executives includes $5 million for CEO Amir V. Vexler and up to $2 million for Patrick S. Brown, John M.A. Donelson, and Todd M. Tinelli. Neal K. Nagarajan received a grant valued at $1.3 million. This compensation structure aims to align leadership incentives with critical operational goals in the nuclear energy sector.

August 6, 2026View Source ↗

On August 6, 2026, Centrus Energy Corp. signed a definitive contract with X-energy to supply low enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) for advanced reactor deployments. Deliveries from the American Centrifuge Plant in Pike County, Ohio, are scheduled to begin in 2030. The agreement includes prepayments from X-energy to support Centrus' domestic commercial enrichment capacity program. This deal adds to Centrus' existing $3 billion contingent LEU and HALEU backlog, of which $2.4 billion is definitized. Centrus Energy Corp. operates in the nuclear energy sector, providing uranium fuel, services, and technology for power generation.

August 5, 2026View Source ↗

Centrus Energy Corp. reported second quarter 2026 financial results on August 5, 2026, showing total revenue of $176.1 million and GAAP net income of $16.8 million ($0.85 basic EPS). Non-GAAP adjusted net income was $38.7 million ($1.95 adjusted EPS). The company secured a $900 million High-Assay, Low-Enriched Uranium (HALEU) Enrichment award contract with the U.S. Department of Energy and selected Geiger Brothers as the construction contractor for its major uranium enrichment plant expansion. Centrus grew its contingent LEU and HALEU backlog to $3.0 billion, bringing total backlog to $4.5 billion extending to 2040. Full-year 2026 revenue guidance is set at $450 million to $500 million with capital deployment expected between $350 million and $500 million. Centrus Energy Corp. operates in the nuclear energy sector, providing uranium fuel services and enrichment capabilities.

July 2, 2026View Source ↗

Centrus Energy Corp.'s subsidiary, American Centrifuge Operating, LLC, signed a $900 million firm fixed price contract with the U.S. Department of Energy to establish domestic commercial High-Assay, Low-Enriched Uranium (HALEU) enrichment capacity in Piketon, Ohio. The contract includes options for the Department of Energy to exercise first and first and second options for delivery of five MTU of HALEU UF6 at $17 million per MTU. Centrus Energy Corp. operates in the nuclear fuel cycle industry and provides enriched uranium products and services.