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Stock impact report

Centrus Energy (LEU) Begins Domestic Manufacturing of Centrifuges [Yahoo! Finance]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Yahoo! Finance
dan-meyers-xXbQIrWH2_A-unsplash Centrus Energy Corp. (NYSE:LEU) is a trusted supplier of nuclear fuel and services to the nuclear energy industry. Centrus Energy Corp. (NYSE:LEU) soared on December 19 when the company announced that it had begun domestic centrifuge manufacturing to support its commercial LEU (Low-Enriched Uranium) enrichment activities at its facility in Piketon, Ohio. The new enrichment capacity is expected to come online in 2029 and will help meet the company's $2.3 billion backlog in contingent LEU sales contracts with the US and international customers. Moreover, the project is in line with the Trump administration's strategic efforts to accelerate domestic production and enrichment of uranium and reduce reliance on imports. Amir Vexler, CEO and President of Centrus Energy Corp. (NYSE:LEU), stated: “We are excited to announce the official commencement of our industrial-scale centrifuge manufacturing build for commercial LEU enrichment. We make this announ Show less Read more
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