Rich Peter
Investor, Crypto, US Stocks & High-Dividend ETFs
Centrus Energy's $9 billion DOE HALEU contract, up to $10.7 billion with options, gives it capital certainty to expand its Piketon, Ohio plant. As the only U.S. firm with a full NRC commercial HALEU license, it supplies fuel every domestic SMR developer will need. A U.S. ban on Russian uranium imports by 2028 adds inelastic replacement demand, behind a $39 billion backlog. Its addition to the S&P SmallCap 600 should also bring forced buying from passive funds. x.comÂ
Centrus Energy has begun centrifuge manufacturing for its multi-billion-dollar enrichment expansion in Piketon, Ohio, moving the US push away from Russian fuel into full construction, with capacity fully online by 2029. In June it named Geiger Brothers general contractor and Fluor EPC partner. Most SMRs need HALEU, and with Russian imports banned it is the only legal domestic supplier. Its $3.9 billion backlog runs to 2040, realized SWU prices rose 52%, and 2026 revenue guidance was raised. x.comÂ
Centrus Energy benefits from nuclear's role as the only carbon-free baseload source that can meet AI's power needs, as the only US-owned company licensed to enrich uranium at commercial scale. It raised 2026 revenue guidance to $450-500 million, holds a $3.9 billion backlog through 2040, and won a $900 million DOE task order for commercial-scale HALEU, the fuel next-generation reactors need but almost no one can make. Its Oak Ridge expansion is advancing with $560 million committed. x.comÂ
Centrus is building the West's replacement HALEU supply, since none exists at commercial scale and the Prohibiting Russian Uranium Imports Act cut off the old source in August 2024. It produces HALEU in Piketon, Ohio, and DOE's $900M contract, up to $1.07B with options, funds 12 tonnes a year with new cascades around 2029. It has $474M of TTM revenue, 36x forward earnings and net cash, though the build burns money. The risk is SMRs slipping and Piketon scaling before binding orders. x.comÂ
Centrus Energy's HALEU bottleneck trade is real but not ready yet, with regulatory headwinds still the big gate. Most leading advanced reactor designs, from Oklo, Kairos, TerraPower and X-energy, need HALEU, and with Russia out Centrus is the only Western company that can make it at scale. Q1 revenue of $76.7M beat, but the buildout squeezed margins; management raised full-year guidance to $450-500M and cited the Oak Ridge centrifuge ramp, a Palantir partnership and a $3.9B backlog. x.comÂ
Centrus Energy controls the real chokepoint in the nuclear trade, HALEU fuel, which next-generation reactors need and almost no one produces domestically. Its new $900 million fixed-price Department of Energy contract, up to $1.07B with options, to expand domestic HALEU production matters more than uranium spot prices. Per @EmmanuelInvest, Centrus plans to move its HALEU cascade to commercial operation, targeting 12 metric tons a year, supporting a $2.4B LEU backlog. x.comÂ
Centrus Energy's nuclear-fuel case is stronger than ever, and its chart is turning up. It has industry and government support for its Piketon facility, HALEU will be indispensable in the nuclear renaissance, and despite plenty of competition it has a significant lead toward production. On the daily chart, the head-and-shoulders looks failed, as a falling wedge nears breakout with a possible double bottom; a close above $192.46 would confirm, while a close below about $142 would be a warning. … Show more
Centrus Energy has an effective war chest of $2.8 billion inside a $3.2 billion market cap: $1.9 billion of unrestricted cash plus a $900 million HALEU award. It is still the only US company that can enrich uranium into HALEU, faces zero domestic competition and carries a $3.9 billion backlog. x.comÂ
Centrus Energy is the only US-owned HALEU producer and the sole domestic fuel source for small modular reactors powering AI data centers. The sector is hated but the fundamentals are untouched, making it a patient accumulation play. Technically, it shows a compression setup, a green SuperTrend cloud and an approaching bullish weekly 20/50 EMA cross. x.comÂ
Centrus Energy's invitation to join the S&P SmallCap 600 as of July 14, 2026 is another sign of its progress and momentum. x.comÂ
Centrus Energy's fast-growing backlog looks increasingly large against its market value, though the opportunity depends on SMRs. Backlog rose from $1.2B to $4.5B in two years, about twice its $2.2B market cap despite the stock falling from $411 to $109; it extends through 2040. Backlog has grown roughly 20% a quarter, much of it from companies like Oklo and Constellation Energy. The market may not believe in SMRs. x.com x.com x.comÂ
ASP Isotopes is an asymmetric bet on HALEU, the enriched uranium fuel advanced reactors need and the West mostly buys from Russia. Its aerodynamic and laser enrichment processes aim for lower cost and faster builds than centrifuges, and TerraPower signed a 10-year deal for up to 150 tons from 2028. The platform also targets Silicon-28, medical isotopes and lithium. Q1 revenue rose 345% to $4.18M, with $290M of cash and investments; HALEU is a Q4 2026 binary, and Centrus is the safer pick. x.com … Show more
