Stifel Backs Centrus Energy (LEU) with Buy Rating

Centrus Energy Corp. (NYSEAMERICAN:LEU) is one of the 12 Best Performing Stocks in the Last 6 Months. On July 10, Stifel initiated coverage on Centrus Energy Corp. (NYSEAMERICAN:LEU), giving it a “Buy” rating with a price target of $220.

The research firm noted that Centrus Energy Corp. (NYSEAMERICAN:LEU) is the only publicly-traded nuclear enrichment company and it has long-standing connections with the US government. This unique position means that the company will play an important role in rebuilding the US nuclear supply chain.

Stifel highlighted the weakened state of the US nuclear supply chain as a major challenge for the revival of nuclear power in the American market. The firm believes that Centrus Energy Corp. (NYSEAMERICAN:LEU) could offer solutions in this area.

According to Stifel, Centrus Energy Corp. (NYSEAMERICAN:LEU) has the necessary infrastructure, technology, and expertise to source low-enriched uranium for existing reactors while also developing new enrichment capabilities for advanced nuclear reactors.

Centrus Energy Corp. (NYSEAMERICAN:LEU) is an American company that supplies nuclear fuel and services for the nuclear power industry.

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Disclosure: None. This article is originally published at Insider Monkey.