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Why Centrus Energy Stock Was Such a Hot Item This Week
The nuclear energy sector has been a winner across the very recent past, following Wednesday's news that an important company in the industry had been tapped for an upcoming government project. Centrus Energy (NYSEMKT: LEU) wasn't that company, but it's a key supplier to the enterprise that's at the heart of the project. Additionally, Centrus was the subject of a bullish new analyst note. With these tailwinds at its back the company's share price had heated up by nearly 11% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.The company bagging the contract was Centrus' business partner, next-generation nuclear energy specialist Oklo, which is on tap to build and operate one of its facilities to power Eielson Air Force base in Alaska. Continue reading
The nuclear energy sector has been a winner across the very recent past, following Wednesday's news that an important company in the industry had been tapped for an upcoming government project.
Centrus Energy (NYSEMKT: LEU) wasn't that company, but it's a key supplier to the enterprise that's at the heart of the project. Additionally, Centrus was the subject of a bullish new analyst note. With these tailwinds at its back the company's share price had heated up by nearly 11% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
The company bagging the contract was Centrus' business partner, next-generation nuclear energy specialist Oklo, which is on tap to build and operate one of its facilities to power Eielson Air Force base in Alaska.
