Centrus Energy (LEU) Surges 8.6%: Is This an Indication of Further Gains?

Group 1 - Centrus Energy Corp. shares increased by 8.6% to close at $45.01, with notable trading volume compared to typical sessions, and a total gain of 10.4% over the past four weeks [1][2] - The stock's rise is attributed to a contingent supply agreement with Korea Hydro & Nuclear Power for a decade of low-enriched uranium deliveries, which supports the company's uranium enrichment capacity at its American Centrifuge Plant in Piketon, OH [2][3] - Centrus aims to re-establish a large-scale, U.S.-owned uranium enrichment facility, focusing on expanding operations for low-enriched uranium and high-assay low-enriched uranium for existing and advanced reactors, contingent on funding and procurement agreements [3] Group 2 - The company is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year decline of 65.4%, while revenues are projected to be $56.5 million, an increase of 10.1% from the previous year [4] - The consensus EPS estimate for Centrus has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] - Centrus Energy holds a Zacks Rank of 1 (Strong Buy), indicating strong potential in the stock, while Southern Copper, a peer in the same industry, has a Zacks Rank of 4 (Sell) [5][6]