Jim Cramer on Centrus: "It's Going Higher"

Centrus Energy Corp. (NYSE:LEU) is one of the stocks in focus in Jim Cramer’s latest lightning round. During the lightning round, a caller inquired about LEU, and Cramer said:

“Okay, now this is a good example like Oklo. Okay, I am a big believer in nuclear power. This is a company that, it supplies low-enriched uranium, and that means it’s going higher. And now do I want it? All I can tell you is I’m not fighting it, okay? I’ve fought all these speculative stocks. This is really not even that speculative. It’s got a lot of money. I think it’s a good stock.”

Centrus Energy Corp. (NYSE:LEU) provides nuclear fuel products, including enriched uranium and related materials. The company also delivers technical, engineering, and manufacturing services to public and private sector clients. Cramer discussed the company in a July episode. He commented:

“Okay, and I know the company. Centrus Energy fits in this particular niche that I’ve been saying, along with Oklo. I am not going to go against anybody who wants to buy uranium or nuclear because it’s coming back. Do I think it’s going to come back within the time frame… That’s no longer necessary. We have a new kind of market. I believe… when you get the book that comes out at the end of September, How to Make Money in Any Market, you will see that I endorse having one speculative position in your portfolio. Make Centrus your speculative position, and I say you are on my team. You will make money in any market.”

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