Centrus Energy Stock Price, News & Analysis

Centrus Energy Corp. (NYSE American: LEU) will hold its 2022 Annual Meeting of Stockholders virtually on June 23, 2022, at 10:00 a.m. EDT. The meeting will be accessible via live webcast. Detailed information is available in the company's proxy statement for the meeting. With over 1,750 reactor years of fuel supplied since 1998, Centrus continues to support the nuclear power industry, providing reliable and affordable solutions for clean energy.

Centrus Energy Corp. (LEU) reported a net loss of $0.4 million for Q1 2022, down from a net income of $5.1 million in Q1 2021. Total revenue fell to $35.3 million, compared to $55.6 million in the same period last year, with a significant decrease of $20.4 million in the LEU segment. Gross profit was $6.3 million, down from $11.7 million year-over-year. However, the company continues to meet milestones under its DOE HALEU contract and seeks to expand its production capabilities at the Piketon facility to enhance domestic uranium enrichment.

Centrus Energy Corp. (NYSE: LEU) will host a quarterly conference call on May 6, 2022, at 8:30 a.m. ET, to discuss its first-quarter earnings for 2021, which end on March 31, 2021. The earnings report will be released after market close on May 5, 2022. Interested listeners can join the call via the Centrus website, with a replay available until May 16, 2022. Centrus Energy is a leading supplier of nuclear fuel, contributing to the growing demand for clean energy.

Centrus Energy Corp. (NYSE: LEU) reported strong financial results for 2021, achieving a net income of $175 million, or $9.75 per diluted share, a significant increase of 222% compared to 2020. Total revenues reached $298.3 million, up 21% year-over-year, driven by growth in the low-enriched uranium (LEU) segment. The company raised $44.2 million through an equity offering and retired all preferred shares, enhancing its balance sheet. Additionally, the order book value rose to $986 million, bolstered by new sales contracts.

Centrus Energy Corp. (NYSE American: LEU) will host its quarterly conference call on March 11, 2022, at 8:30 a.m. ET. This call will discuss the fourth quarter and full year earnings report for 2021, which will be released after market close on March 10, 2022. The live webcast can be accessed at https://investors.centrusenergy.com/ and will remain archived until March 21, 2022. Centrus Energy is a key supplier of nuclear fuel, committed to providing reliable, clean energy solutions.

Centrus Energy Corp. (NYSE American: LEU) announced the redemption of all outstanding Series B Senior Preferred Stock as of December 15, 2021. This milestone follows a successful tender offer and consent solicitation conducted in November. According to CEO Daniel B. Poneman, this move strengthens the company's balance sheet for long-term success. Centrus continues to supply nuclear fuel and services, contributing to sustainable energy production by providing over 1,750 reactor years of fuel since 1998.

Centrus Energy Corp (NYSE-American: LEU) has successfully collaborated with Clean Core Thorium Energy and Texas A&M to fabricate the first sample pellets of a new nuclear fuel, ANEEL. This advanced fuel combines thorium with High-Assay, Low-Enriched Uranium (HALEU) and offers significant waste reduction capabilities—up to 80% less waste for CANDU reactors. With 48 CANDU reactors globally, this development could open new markets for Centrus. Plans for further testing at Idaho National Laboratory and commercial production by late 2024 underscore the potential for HALEU demand growth.

Centrus Energy Corp. (NYSE American: LEU) announced the final results of its tender offer to purchase all outstanding Series B Senior Preferred Stock at $1,145.20 per share, concluding on November 18, 2021. A total of 36,867 shares were tendered, representing 97.4% of the outstanding shares, amounting to an aggregate purchase price of $42.2 million. The company also received the required consent for the Series B Preferred Amendment. Payment for the shares was completed on November 23, 2021. Centrus will redeem any remaining Series B Preferred Shares.

Centrus Energy Corp. (NYSE American: LEU) announced preliminary results of its tender offer to acquire its Series B Senior Preferred Stock at $1,145.20 per share. A total of 36,867 shares were tendered, accounting for 97.4% of outstanding Series B shares as of September 30, 2021. The total expected expense for this acquisition is $42.2 million. With over 90% consent obtained for the Series B Preferred Amendment, Centrus plans to redeem remaining preferred shares post-offer. Payment for shares is expected around November 23, 2021.