2024-04-22 02:53:28 ET
Summary
- Centrus Energy is pursuing the production of High-Assay-Low-Enriched-Uranium for advanced reactors, with bipartisan support and significant funding from the DoE.
- The demand for HALEU is expected to increase in the next 3-5 years, creating a $1 billion-per-year opportunity for Centrus.
- LEU benefits from its role as a broker for low-enriched uranium transactions, with steady revenue growth and a backlog of $1 billion in purchase agreements with utilities.
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Centrus Energy: Secular Tailwinds And Regulatory Environment Make The Company Still Cheap