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2025-08-08 03:33
Centrus Energy (NYSE:LEU) +1.3% in Thursday's trading as Bank of America downgrades shares to Neutral from Buy with a $285 price target raised from $210, citing valaution following the stock's 8.5% run-up after easily beating Q2 earnings estimates, driven mainly by stronger performance of the low-enriched uranium segment, a function of the timing of sales and a favorable contract mix.
Centrus (NYSE:LEU) remains well positioned to construct its own U.S. domestic productive LEU capacity, likely with U.S. government funding support based on an urgency to build out domestic enrichment, BofA analyst Lawson Winder said, but the bank reduced its rating, believing the shares as now fairly valued.
The backlog remains a solid $3.7B vs. $3.8B as of the end of March, with the LEU segment backlog at $2.8B, including $2.2B of definitive and contingent commitments to support the construction of its own LEU facility, Winder noted, updating his estimate for FY 2025 earnings by 13% to $4.17/share. based on the Q2 beat.