Centrus Energy shares are trading higher after the U.S. Department of Energy awarded the company's subsidiary, American Centrifuge Operating, a contract aimed at expanding domestic commercial production of High-Assay, Low-Enriched Uranium.
Portfolio Pulse from Benzinga Newsdesk
Centrus Energy's shares rose following a contract awarded by the U.S. Department of Energy to its subsidiary, American Centrifuge Operating, to boost domestic production of High-Assay, Low-Enriched Uranium.
October 18, 2024 | 5:01 pm
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Centrus Energy's stock is up due to a new contract from the U.S. Department of Energy to its subsidiary, American Centrifuge Operating, for increasing domestic production of High-Assay, Low-Enriched Uranium.
The contract from the U.S. Department of Energy is a significant development for Centrus Energy, as it directly supports the company's operations and growth in the nuclear energy sector. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100