Evercore ISI on Centrus Energy Corp. (LEU): 'We continue to view Centrus as a MUST OWN'

Evercore ISI analyst Nicholas Amicucci reiterated an Outperform rating and $205.00 price target on Centrus Energy Corp. (NYSE: LEU)

The analyst comments "The Wright Time for Nuclear Companies. Late yesterday afternoon, shares of nuclear companies experienced a stark reversal in price performance following a post from Energy Secretary Chris Wright, suggesting the nation would “truly see the launch of a nuclear renaissance” with “HUGE potential in the coming years.” The post was seemingly in response to a Politico report (HERE) suggesting the administration is placing pressure on the Nuclear Regulatory Commission (NRC) to “rubber stamp” all new reactors in a May meeting. To provide some clarity, this “rubber stamp” from the NRC (which has yet to be validated) is referencing the secondary assessment conducted by the NRC, which occurs subsequent to an indepth analysis conducted by the Department of Energy, and in most cases the Pentagon. The negative connotation associated with article has sparked some concern amongst the general public, but as we have discussed and noted in the past (HERE), the safety measures employed at all nuclear facilities and test sites (large scale or otherwise) make arriving at the nuclear site more of a safety hazard than the facility itself. The commentary from Secretary Wright further validates the magnitude of bipartisan support for increased nuclear deployment within the United States and the continued need for reliable and deployable generation assets to support national security and the nation’s economic prosperity, which we most recently opined on HERE. We continue to view Centrus as a MUST OWN throughout this “nuclear renaissance” given its position as the only non-foreignstate-owned centrifugal uranium enricher in the United States."

For an analyst ratings summary and ratings history on Centrus Energy Corp. click here. For more ratings news on Centrus Energy Corp. click here.

Shares of Centrus Energy Corp. closed at $216.27 yesterday.

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