Added to YB: 2026-05-28
Pitch date: 2026-05-25
LEU [bullish]
Centrus Energy Corp.
-0.92%
current return
Author Info
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Company Info
Centrus Energy Corp. supplies nuclear fuel components for the nuclear power industry in the United States, Belgium, Japan, the Netherlands, and internationally.
Market Cap
$3.6B
Pitch Price
$185.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
83.36
P/E
64.44
EV/Sales
6.45
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
CENTRUS ENERGY (LEU)
LEU: Only US-licensed HALEU producer w/ >1 ton delivered to DOE. $900M task order (fixed-price) targeting 2029 first cascade at Piketon. $1.9B cash funds buildout through 2028 revenue trough as TENEX contract (32% margin on $80-100/SWU vs $160-190 spot) expires. Risks: 40yr dev history, 1 bankruptcy, buildout delay to 2030+ compresses cash buffer vs 2030 convertible maturity. Bull case: HALEU monopoly window + $3.9B utility backlog + legislative ban permanence. Bear: TENEX disruption + task order delay + cascade slip = multi-year revenue cliff testing capital adequacy.
Read full article (39 min)