Why Centrus Energy Stock Soared Higher This Week
Shares of Centrus Energy (NYSE: CCJ) are moving higher this week. The company's stock was up 11.5% at 1:08 p.m. ET from last Friday's close. The S&P 500 index and the Nasdaq-100 index were up 1.2% and 1.8%, respectively, at the same time.Centrus, a provider of enriched uranium to fuel nuclear reactors, saw its stock rise after the announcement of a major deal between Meta Platforms and Constellation Energy and after receiving a buy rating from Bank of America. Meta, the parent company of Facebook and Instagram, signed a deal earlier this week that will grant it access to all the energy output from the Clinton Clean Energy Center nuclear reactor in Illinois. The 1.1 gigawatt output is enough to power 800,000 homes. Continue reading
Shares of Centrus Energy (NYSE: CCJ) are moving higher this week. The company's stock was up 11.5% at 1:08 p.m. ET from last Friday's close. The S&P 500 index and the Nasdaq-100 index were up 1.2% and 1.8%, respectively, at the same time.
Centrus, a provider of enriched uranium to fuel nuclear reactors, saw its stock rise after the announcement of a major deal between Meta Platforms and Constellation Energy and after receiving a buy rating from Bank of America.
Meta, the parent company of Facebook and Instagram, signed a deal earlier this week that will grant it access to all the energy output from the Clinton Clean Energy Center nuclear reactor in Illinois. The 1.1 gigawatt output is enough to power 800,000 homes.
