Centrus Energy (LEU) Surges to 10-Year High Amidst Uranium Futures Increase and Expansion Plans

Centrus Energy Corp. (LEU) surged 11.82% between September 25 and October 2, reaching a 10-year high. The uranium futures in the US soared to over $83 per pound, with investors weighing demand outlook for nuclear fuel. The company announced plans for a multibillion-dollar expansion of its uranium enrichment facility in Ohio, boosting production amidst the Trump administration's efforts to reduce reliance on Russian imports.

Centrus Energy Corp. (LEU) experienced a significant surge in its stock price, rising 11.82% between September 25 and October 2, 2025. This marked a new 10-year high for the company. The surge was driven by a combination of factors, including the rising price of uranium futures in the US, which reached over $83 per pound, and the company's strategic expansion plans.

The company announced a multibillion-dollar expansion of its uranium enrichment facility in Piketon, Ohio. This expansion is aimed at increasing production capabilities and reducing the reliance on Russian imports, a key objective of the Trump administration's energy policy. The expansion is part of a broader effort to restore America's industrial-scale uranium enrichment capabilities and enhance energy independence.

Centrus Energy's stock price has been on a upward trajectory, with shares mirroring the momentum in uranium prices. The company's stock has seen a 438% increase over the past 52 weeks and a 420% year-to-date (YTD) gain. This performance has been driven by strong financial results, including a 47.7% increase in gross profit during the second quarter of 2025.

Analysts remain optimistic about Centrus Energy's prospects. Eight out of 14 analysts tracking the stock have a "Strong Buy" rating, while six are holding a "Hold" position. The consensus rating is a "Moderate Buy," indicating a positive outlook for the company's future performance.