Why Centrus Energy Stock Heated Up Today
Centrus Energy (NYSE: LEU) stock soared 14.2% through 3:15 p.m. ET Friday after the nuclear fuel supplier announced plans to expand into centrifuge manufacturing for the enrichment of uranium.
Historically, Centrus Energy has focused on buying and selling, to nuclear plant operators, enriched uranium for use as nuclear fuel. It's lately floated plans to buy and then enrich uranium on its own, including High-Assay, Low-Enriched Uranium, or HALEU, for use in advanced nuclear reactors -- and that's what today's announcement pertains to.
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Source Fool.com
