Aug. 18 at 11:37 AM
$LEU Centrus Energy initiated with an Equal Weight at Barclays
Barclays initiated coverage of Centrus Energy with an Equal Weight rating and
$207 price target. Th e company has historically been a broker of enriched nuclear fuel and uranium, selling foreign produced enriched uranium to American utilities looking to restock their power plants, and is now working its way towards enriching uranium itself, the analyst tells investors in a research note. Barclays says Centrus has a
$2.4B backlog of enriched uranium and is the only company in the U.S. with the ability to commercially enrich high assay low enriched uranium.
