Tennessee State Officials Announced a Major Expansion Involving Centrus Energy Corp. in East Tennessee

Centrus Energy Corp. (NYSE:LEU) is included among the 12 Best Nuclear Energy Stocks to Buy Now

On January 24, 2026, Tennessee state officials announced a major expansion involving Centrus Energy Corp. (NYSE:LEU) in East Tennessee, with plans to transition the company’s Oak Ridge facility into a high-rate manufacturing plant. The expansion is expected to create nearly 430 jobs and involve more than $560 million in investment in Anderson County over the coming years, supporting workforce growth and the production of thousands of advanced centrifuges.

The Tennessee announcement aligns with Centrus’ previously outlined plans to expand its Ohio uranium enrichment operations, which are positioned as a key piece of the U.S. commercial and national security fuel supply. The first centrifuges manufactured in Tennessee are expected to be deployed in Ohio starting in 2029.

On January 8, 2026, Roth Capital raised its price target on Centrus Energy to $125 from $117 and maintained a Neutral rating. The firm pointed to the $900 million award from the Department of Energy as a catalyst that positions Centrus to move forward with capacity expansion tied to high-assay low-enriched uranium production.

A day earlier, on January 7, 2026, Northland raised its price target to $325 from $300 and reiterated an Outperform rating after Centrus received the official $900 million DOE award to help jump-start the domestic nuclear fuel supply chain. Northland said the higher target reflects a faster path to market in 2029, compared with its prior 2030 expectation, along with reduced funding risk.

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services, focused on supporting the nuclear power industry as demand for domestic, carbon-free energy and secure fuel supply continues to grow.

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