Centrus Energy Corp.
LEU 7.5Price and target zones价格与目标区间
What the company does公司做什么
Centrus enriches uranium into fuel for nuclear reactors, and is the only company licensed in the United States to produce HALEU. Regular reactor fuel is enriched to about 3-5% uranium-235; HALEU is enriched higher, up to 20%, packing more fuel into less space. Most next-generation and small reactors are designed to run on it, so a domestic supply is a gating requirement for that industry. Until Centrus, the main commercial source was Russia.Centrus 把铀浓缩成核反应堆的燃料，是美国唯一获得许可生产 HALEU 的公司。普通反应堆燃料的铀-235 浓度约为3-5%；HALEU 浓缩得更高，可达20%，能在更小的体积里装进更多燃料。大多数下一代反应堆和小型反应堆都是按照使用它来设计的，所以本土供应是这个行业能否发展的一道关卡。在 Centrus 之前，主要的商业来源是俄罗斯。
Earns from营收来源 selling enriched uranium to electricity companies under long contracts, plus enrichment and engineering work for the US government.以长期合同向电力公司出售浓缩铀，外加为美国政府做的浓缩和工程工作。
Read the full description查看完整介绍
Centrus Energy Corp. supplies nuclear fuel components for the nuclear power industry in the United States, Japan, the Netherlands, and internationally. The company operates through two segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants. The Technical Solutions segment offers technical, manufacturing, engineering, and operations services to public and private sector customers. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy Corp. was incorporated in 1998 and is headquartered in Bethesda, Maryland.
What the company sells公司卖什么
Plus:此外： Low-Enriched Uranium低浓缩铀 (77%) — Sells enriched uranium and uranium fuel to power companies at home and abroad. FY2025 revenue was $346 million向国内外电力公司出售浓缩铀和铀燃料。FY2025 收入为 $346 million; Technical Solutions技术解决方案 (23%) — Enrichment work for the US government, including HALEU production, plus advanced manufacturing and engineering. FY2025 revenue was $103 million为美国政府做浓缩工作，包括 HALEU 的生产，以及先进制造和工程。FY2025 收入为 $103 million.
Company facts公司资料
- Founded成立时间
- 1998
- Headquarters总部
- Bethesda, Maryland
- Employees员工人数
- 467
- Industry行业
- Uranium
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
📋 Top edge of $145-170. Only US-licensed HALEU producer. $3.9B backlog to 2040, $900M DOE contract, Piketon expansion underway, $742M net cash. EPS messy through 2026-27 (toll-bridge period) — that's the entry window. Strong buy $130-145. Trim $230-260. Break: DOE cancels HALEU, backlog <$2.5B, or equity raise <$150. A2026-06-11
📋 处于 $145-170 区间的上沿。美国唯一持牌的 HALEU（高丰度低浓铀）生产商。 $3.9B 订单排到 2040 年，$900M 能源部（DOE）合同，Piketon 扩建进行中，$742M 净现金。EPS 在 2026-27 年会比较混乱（过渡收费期）—— 这正是买入窗口。强烈买入 $130-145。$230-260 减仓。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 12%
- Revenue growth营收增长
- +5%
Competitors竞争对手
Why customers stay客户为什么留下
Centrus runs the only US-licensed, US-technology enrichment plant producing HALEU. An enrichment plant needs a licence, security clearance, and years to build, so new supply cannot appear quickly. US policy to remove Russian enriched uranium from the supply chain favours a domestic producer. It holds a backlog of about $3.8 billion to 2040 and a $900 million government award to build commercial HALEU capacity.Centrus 运营着美国唯一一座采用美国技术、并获得许可生产 HALEU 的浓缩工厂。一座浓缩工厂需要牌照、安全许可，还要花好几年才能建成，所以新的供应没法很快出现。美国把俄罗斯浓缩铀移出供应链的政策，也对本土生产商有利。它手握约38亿美元、延续到2040年的订单储备，还有一笔9亿美元的政府拨款，用来建设商业化的 HALEU 产能。
Related companies相关公司 🟡 Nuclear / uranium
Uranium spot + DOE/regulatory policy. LEU and CCJ share the same DOE/Russian-sanctions axis — CCJ would concentrate, not diversify.
Combined speculative sizing.
Recent news近期新闻 last 7 days近7天
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- Centrus Energy (LEU) Faces A Valuation Test Following EPS Estimate CutsSimply Wall St.
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- Centrus Energy to Report Q2 Earnings: What's in Store for the Stock?Zacks