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Stock impact report

Centrus Energy (LEU) Surges Following DOE Award to Expand Uranium Enrichment [Yahoo! Finance]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Yahoo! Finance
Photo by Frédéric Paulussen on Unsplash Centrus Energy Corp. (NYSE:LEU) is a trusted supplier of nuclear fuel and services to the nuclear energy industry. The U.S. Energy Department announced on January 5 that it was awarding orders totaling $2.7 billion to Centrus Energy Corp. (NYSE:LEU) and two other companies, as part of the Trump administration's efforts to boost domestic uranium production and enrichment, and reduce reliance on imports from Russia. In a major milestone for the company, Centrus Energy is set to receive $900 million of funding in the form of task orders, which will go toward the development of next-generation reactor fuel. Following the development, BofA raised its price target on Centrus Energy Corp. (NYSE:LEU) from $285 to $340 on January 6, indicating an upside potential of 9% from the current share price. The firm maintained its ‘Neutral' rating on LEU shares. The analyst believes that while the $900 million funding is less than the $1.7 billion award th Show less Read more
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