Why Centrus Energy Stock Leaped 5% Higher Today
Centrus Energy (NYSEMKT: LEU) attracted the right kind of energy on the stock exchange Friday. The company's shares closed that session 5% higher, after it published news of an important contract renewal. That pop looked particularly impressive when matched against the S&P 500's (SNPINDEX: ^GSPC) trajectory, which dipped into the red with a 0.2% decline.
Before market open that morning, Centrus divulged that the U.S. Department of Energy (DoE) exercised its option to extend the company's contract to produce for it high-assay, low-enriched uranium (HALEU). The extension now runs through June 30, 2026.
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Source Fool.com
