Centrus Energy (LEU) Surges Following DOE Award to Expand Uranium Enrichment

The share price of Centrus Energy Corp. (NYSE:LEU) surged by 26.26% between December 30, 2025, and January 6, 2026, putting it among the Energy Stocks that Gained the Most This Week.

Centrus Energy Corp. (NYSE:LEU) is a trusted supplier of nuclear fuel and services to the nuclear energy industry.

The U.S. Energy Department announced on January 5 that it was awarding orders totaling $2.7 billion to Centrus Energy Corp. (NYSE:LEU) and two other companies, as part of the Trump administration’s efforts to boost domestic uranium production and enrichment, and reduce reliance on imports from Russia. In a major milestone for the company, Centrus Energy is set to receive $900 million of funding in the form of task orders, which will go toward the development of next-generation reactor fuel.

Following the development, BofA raised its price target on Centrus Energy Corp. (NYSE:LEU) from $285 to $340 on January 6, indicating an upside potential of 9% from the current share price. The firm maintained its ‘Neutral’ rating on LEU shares. The analyst believes that while the $900 million funding is less than the $1.7 billion award that Centrus was expecting, the prospects for more government funding for the company down the road ‘should not be entirely ruled out’.

Centrus Energy Corp. (NYSE:LEU) has also benefited from the recent rebound in uranium prices, with US uranium futures hitting a two-month high on January 6, driven by buying from physical uranium funds and the Trump administration’s efforts to increase domestic production of nuclear fuel.

Centrus Energy Corp. (NYSE:LEU) posted gains of over 264% last year, putting it among the 11 Best Performing Energy Stocks in 2025.

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