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Oklo's innovative approach to nuclear power sparks investor excitement, but significant financial and regulatory hurdles warrant cautious due diligence.
Nuclear power has long been on the decline, with its share of the world’s electricity generation down from 18% in the mid-90s to 9% today. But now, companies like Amazon and Google are investing into firms that are building the next generation of small nuclear reactors. This has sent nuclear stocks soaring, such as Centrus Energy, which provides the fuel for these reactors.
The price of fuel for nuclear reactors has outpaced raw uranium since the start of 2022. This indicates that conversion is the biggest bottleneck, and the weakest link, in the nuclear fuel supply chain. Russia controls 22% of global uranium conversion capacity and 44% of enrichment capacity - but that's changing, as U.S. firms like Centrus Energy begin producing reactor fuel on home soil.
This nuclear energy company is down 19% YTD, but just received some good news from the DoE that should improve visibility through next year.
Spending By World Nuclear Powers Soared To $91.4 Billion in 2023
The world’s leading nuclear powers spent a record $91.4 billion on their nuclear defense systems in ...
The resurgence of nuclear power is driving a surge in demand for uranium, creating new investment opportunities in the energy sector.
The uranium industry is experiencing a surge in stock prices due to positive news, presenting investment opportunities in lesser-known stocks that analysts believe could rally by 23% or more.
Why Cameco Stock Is Glowing Green Today
Good news: Cameco is benefiting from a boom in nuclear fuel demand. Bad news: Its price has already gone up a lot.
As U.S. passes the bill to ban uranium import from Russia, U.S. based uranium companies are sure to enjoy the increased demand. Here are 2 stocks with upside according to analysts.
The uranium and nuclear energy sectors present attractive investment opportunities - and particularly companies like Centrus Energy that are at the forefront of technological advancements and have a strong financial position.
Centrus to Participate in TD Cowen's Nuclear Fuel Cycle Roundtable
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B. Poneman, Chief Executive Officer, is scheduled to participate in TD...
Centrus to Participate in H.C. Wainwright's 25th Annual Global Investment Conference
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B. Poneman, Chief Executive Officer, is scheduled to participate at H.C....
Centrus to Begin HALEU Production in October
/PRNewswire/ -- Centrus Energy Corp (NYSE American: LEU) announced today that it expects to begin first-of-a-kind production of High-Assay Low-Enriched Uranium...
Oklo and Centrus Energy Sign Memorandum of Understanding for Fuel, Components, and Power Procurement to Support the Deployment of Advanced Fission Technologies in Southern Ohio
/PRNewswire/ -- Oklo Inc. ("Oklo") and Centrus Energy Corp. ("Centrus") (NYSE American: LEU) today announced a new Memorandum of Understanding ("MOU") between...
Centrus Reports Second Quarter 2023 Results
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported second quarter 2023 results. The Company reported net...
Centrus to Webcast Conference Call on August 4 at 8:30 a.m. ET
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the...
TerraPower and Centrus expand efforts to commercialize domestic HALEU production
/PRNewswire/ -- TerraPower and Centrus Energy Corp. (NYSE American: LEU) announced today a new memorandum of understanding (MOU) to significantly expand their...
Centrus Energy Corp. Reports Results of Annual Stockholder Meeting and Announces Extension of Section 382 Rights Agreement
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced the results of its 2023 annual meeting of stockholders held on June 20,...
Centrus Completes Operational Readiness Review for HALEU Production and Receives NRC Authorization to Introduce Uranium Into Centrifuge Cascade
/PRNewswire/ -- Centrus Energy Corp (NYSE American: LEU) announced today that it has successfully completed its operational readiness reviews with the U.S....
Centrus Reports First Quarter 2023 Results
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) ("Centrus" or the "Company") today reported first quarter 2023 results. The Company reported net...
Centrus to Participate in B. Riley Securities' 23rd Annual Institutional Investor Conference
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B. Poneman, Chief Executive Officer, and Kevin Harrill, Chief Accounting...
Centrus to Webcast Conference Call on May 9 at 8:30 a.m. ET
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the...
Centrus to Participate in Second Annual Guggenheim Securities Investing in Advanced Nuclear Energy: Meeting Clean Energy Needs Across the Economy Conference
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B. Poneman, Chief Executive Officer, is scheduled to participate in a...
Centrus to Participate in 35th Annual Roth Capital Partners Conference March 12-14
/PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Philip Strawbridge, Chief Financial Officer, is scheduled to participate in Roth...
Centrus Reports Fourth Quarter and Full Year 2022 Results
Financial Highlights: LEU segment revenue of $112.2 million and segment gross profit of $67.0 million in the fourth quarter of 2022. 2022 full year net income...