Core Viewpoint - Granahan Investment Management reduced its stake in Centrus Energy by selling 93,425 shares valued at approximately $28.21 million, reflecting a decrease in the fund's position value by $34.03 million due to share sales and market price changes [1][2]. Company Overview - Centrus Energy specializes in supplying nuclear fuel and related technical services, focusing on uranium enrichment and engineering solutions for the global nuclear power sector [6][7]. - As of February 13, 2026, Centrus Energy's stock price was $199.19, with a market capitalization of $3.63 billion, revenue of $448.70 million, and net income of $77.80 million for the trailing twelve months [4][6]. Financial Performance - In 2025, Centrus reported a revenue increase to $448.7 million from $442 million the previous year, with net income of $77.8 million, indicating improved margins in its enrichment business [9]. - The company has a significant backlog of approximately $3.8 billion extending to 2040, providing long-term visibility for its operations [9]. Market Position - Centrus Energy's strategic importance has increased due to rising demand for nuclear power, which is linked to electrification and AI data center growth [9]. - The company serves a diverse client base, including utilities operating nuclear power plants and public/private sector clients in the U.S., Japan, Belgium, and other international markets [7]. Investment Context - Granahan Investment Management's portfolio is primarily focused on software, infrastructure, and industrial technology, rather than commodity-exposed energy companies, indicating a strategic shift rather than a negative outlook on the energy sector [10].