---
title: "Why Centrus Energy Stock Leaped 5% Higher Today"
description: "Centrus Energy's stock rose 5% after the company announced a contract extension with the U.S. Department of Energy to produce high-assay, low-enriched uranium (HALEU) through June 30, 2026. This news "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/245512929.md"
published_at: "2025-06-20T22:19:46.000Z"
---

# Why Centrus Energy Stock Leaped 5% Higher Today

> Centrus Energy's stock rose 5% after the company announced a contract extension with the U.S. Department of Energy to produce high-assay, low-enriched uranium (HALEU) through June 30, 2026. This news comes as Centrus partners with Oklo to supply HALEU for a new nuclear plant in Alaska. The Department of Energy also holds options for further extensions, potentially extending the contract for up to eight more years, positioning Centrus favorably in the nuclear energy sector.

**Centrus Energy** (LEU 5.27%) 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 (^GSPC -0.22%) trajectory, which dipped into the red with a 0.2% decline.

## An energetic extension

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.

Image source: Getty Images.

HALEU is a type of nuclear fuel that has a level of enrichment considered most suitable for current nuclear reactor technology, including the small nuclear reactors (SMRs) that have recently come into vogue.

In what's probably not a coincidence, Centrus' latest news comes barely a week after its business partner **Oklo** was tapped to build and operate a nuclear plant to supply heat and electricity to an Air Force base in Alaska. The two companies have a memorandum of understanding (MOU) in place for Centrus to supply HALEU for Oklo's projects.

## The trend is its friend

In its press release on the contract extension, Centrus added that the DoE holds options for further extensions to the existing contract. It could opt to keep Centrus's HALEU supply going for as much as a further eight years.

So it's not only good news that a major business for the company has a longer runway, but it's looking for more as time goes by. Assuming President Trump's embrace of nuclear energy remains in place (and possibly outlives his administration), Centrus will be in a very good position indeed.

### Related Stocks

- [LEU.US - Centrus Energy](https://longbridge.com/en/quote/LEU.US.md)
- [OKLO.US - Oklo](https://longbridge.com/en/quote/OKLO.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Centrus Energy Projects $31.3 Million Free Cash Flow in 2025 | Centrus Energy Corp. projects a 13% CAGR in revenue from 2020 to 2025, with 2025 revenue expected at $448.7 million and  | [Link](https://longbridge.com/en/news/275635782.md) |
| $100 Invested In Centrus Energy Corp. Class A Common Stock 5 Years Ago Would Be Worth This Much Today | Centrus Energy Corp. Class A Common Stock (NYSE:LEU) has delivered a 43.46% annualized outperformance over the market in | [Link](https://longbridge.com/en/news/274845074.md) |
| Centrus Energy Awards Fluor Multi-Year Contract for Ohio Uranium Enrichment Plant Expansion | Centrus Energy Corp. has awarded a multi-year contract to Fluor for the Engineering, Procurement and Construction (EPC)  | [Link](https://longbridge.com/en/news/275598135.md) |
| Forget AI stocks: This energy infrastructure stock is the smarter bet | Looking for a hedge against any AI bubble that may or may not be forming? Centrus Energy is a good choice. | [Link](https://longbridge.com/en/news/273933706.md) |
| Where will Centrus Energy (LEU) stock be in 1 year? | The nuclear fuel supplier still has a bright future. | [Link](https://longbridge.com/en/news/272110280.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
