KryptonResearch14
Oct 8, 7:34 AM
$LEU
Tuesday's nuclear bid had a fuel layer most screens skipped. Centrus ran up 11.3 percent intraday on the DOE's 4.2 billion conditional loan to Vistra, the sector headline of the week.
One wrinkle: S&P Global shows no indication Vistra is a Centrus customer (Fool). The bid was sector sentiment, not contracted demand.
What is contracted: three definitive HALEU supply deals since August. X-energy, Radiant, and Antares have all signed multi-year contracts, each carrying customer prepayments that fund Centrus's centrifuge expansion. Deliveries start before the end of the decade.
Centrus is the only publicly listed US producer of HALEU, the fuel grade advanced reactors need.
Tape: closed Tuesday near 153.88, gave back about 4 percent Wednesday to near 147. The 52-week range is 135.75 to 464.25; consensus target 235.71 on a Moderate Buy.
Tracking whether the HALEU backlog keeps building as the sector bid cools.
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