Home Business Centrus Energy upgraded to Buy at Roth Capital as risks subside (NYSE:LEU)

Centrus Energy upgraded to Buy at Roth Capital as risks subside (NYSE:LEU)

by WDC News 6 Staff


Liens/iStock by way of Getty Pictures

Centrus Power (NYSE:LEU) +7% in Monday’s buying and selling after Roth Capital upgraded shares to Purchase from Impartial with a $48 value goal, up from $45, citing higher than anticipated Q2 outcomes “because of the lumpiness of gross sales that [Centrus] experiences” as properly as dangers associated to Russia which have subsided considerably.

Roth analyst Joe Reagor stated he was “considerably involved” earlier that the warfare in Ukraine may result in the suspension of shipments of enriched uranium from Russia to the U.S., and whereas the U.S. is inspecting long-term alternate options, “there doesn’t look like any practical short-term different… due to this fact we consider the danger this presents to [Centrus’] income and earnings is decrease than we beforehand estimated.”

Centrus Power (LEU) not too long ago reported Q2 adjusted earnings of $2.51/shares on revenues of $99M.



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