Centrus Energy (LEU) Surges Following DOE Award to Expand Uranium Enrichment

Core Insights - Centrus Energy Corp. (NYSE:LEU) experienced a significant share price increase of 26.26% from December 30, 2025, to January 6, 2026, making it one of the top-performing energy stocks during that week [1] Group 1: Government Support and Funding - The U.S. Energy Department announced on January 5 that it awarded orders totaling $2.7 billion to Centrus Energy and two other companies to enhance domestic uranium production and reduce reliance on imports from Russia [3] - Centrus Energy is set to receive $900 million in funding through task orders aimed at developing next-generation reactor fuel [3] - Following this announcement, BofA raised its price target for Centrus Energy from $285 to $340, indicating a potential upside of 9% from the current share price, while maintaining a 'Neutral' rating [4] Group 2: Market Performance and Trends - Centrus Energy has benefited from a rebound in uranium prices, with U.S. uranium futures reaching a two-month high on January 6, driven by demand from physical uranium funds and government efforts to boost domestic nuclear fuel production [5] - The company posted gains of over 264% in the previous year, ranking among the 11 best-performing energy stocks in 2025 [5]