Why Northland Expects More Upside in Centrus Energy (LEU) Stock After YTD Rally

Centrus Energy Corp. (NYSEAMERICAN:LEU) is among the hottest SMID-cap stocks so far in 2025. On November 10, Jeff Grampp, an analyst at Northland, maintained his bullish stance on the stocks, assigning an Outperform rating and raising his price target to $300 from $275, according to TheFly.

The company announced third-quarter results on November 5, but Grampp found them a non-event. However, he was somewhat disappointed, as he had expected more updates on the funding development for the domestic enrichment project. As per his analysis, the talks should have progressed in the third quarter.

Grampp also argued that the shutdown may have delayed the developments, and an announcement could come soon. He, therefore, remained bullish on the stock.

Centrus Energy Corp.’s (NYSEAMERICAN:LEU) stock has rallied by over 262% in 2025 (as of November 20), driven by several catalysts, the most significant of which was the Trump administration’s aggressive push to increase the country’s nuclear energy capacity, along with its support for domestic uranium mining and enrichment. When it reached its peak level in mid-October this year, the stock was up as much as 600%, but has since corrected by around 50% to settle at $241 as of November 20.

Centrus Energy Corp. (NYSEAMERICAN:LEU) boasts the American Centrifuge, the world’s most advanced gas centrifuge enrichment technology, which enables the enrichment of High-Assay, Low-Enriched Uranium (HALEU), the required fuel for most next-generation reactors. As of September 2025, the Company’s backlog stood at $3.9 billion, extending through 2040.

Centrus Energy Corp. (NYSEAMERICAN:LEU) is a supplier of nuclear fuel and services to the nuclear power industry. The company supports U.S. energy security through domestic enrichment capabilities and long-term supply agreements.

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