Centrus is a high-stakes national-security nuclear fuel champion whose upside depends on turning America’s HALEU ambitions into scalable commercial enrichment capacity.
Overview
Centrus Energy is uniquely positioned as the only U.S.-owned, NRC-licensed commercial uranium enricher, making it a strategic beneficiary of the West’s move away from Russian nuclear fuel. Its legacy LEU trading business provides backlog-backed visibility, while its Technical Solutions segment offers high-growth exposure to HALEU for advanced reactors. The company’s Piketon facility, DOE contracts, proprietary AC100M centrifuges, and national-security role make Centrus a rare nuclear fuel asset, though its future depends heavily on successful industrial scale-up.