Stock Track | Centrus Soars 13.67% Pre-Market on Q4 Earnings Beat, Major Supply Contract Win

Stock Track

Feb 07, 2025

Centrus Energy Corp. (LEU) stock surged 13.67% in pre-market trading on Friday, following the company's impressive fourth quarter 2024 financial results and the announcement of a major supply contract win.

For the fourth quarter, Centrus reported revenue of $151.6 million, significantly exceeding the consensus estimate of $106.67 million. The company attributed the strong performance to an expanded backlog and continued success in demonstrating its enrichment technology. This positive earnings surprise appears to have been a key driver behind the stock's rally.

Additionally, Centrus disclosed that it had signed a 10-year enriched uranium supply agreement with Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power. This long-term contract is expected to provide Centrus with a stable revenue stream and further solidify its position in the global nuclear fuel market. News of this major deal likely contributed to the enthusiasm around the stock.

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(LEU) stock surged 13.67% in pre-market trading on Friday, following the company's impressive fourth quarter 2024 financial results and the announcement of a major supply contract win.</p>\n\n<p>For the fourth quarter, Centrus reported revenue of $151.6 million, significantly exceeding the consensus estimate of $106.67 million. The company attributed the strong performance to an expanded backlog and continued success in demonstrating its enrichment technology. This positive earnings surprise appears to have been a key driver behind the stock's rally.</p>\n\n<p>Additionally, Centrus disclosed that it had signed a 10-year enriched uranium supply agreement with Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power. This long-term contract is expected to provide Centrus with a stable revenue stream and further solidify its position in the global nuclear fuel market. 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(LEU) stock surged 13.67% in pre-market trading on Friday, following the company's impressive fourth quarter 2024 financial results and the announcement of a major supply contract win.</p>\n\n<p>For the fourth quarter, Centrus reported revenue of $151.6 million, significantly exceeding the consensus estimate of $106.67 million. The company attributed the strong performance to an expanded backlog and continued success in demonstrating its enrichment technology. This positive earnings surprise appears to have been a key driver behind the stock's rally.</p>\n\n<p>Additionally, Centrus disclosed that it had signed a 10-year enriched uranium supply agreement with Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power. This long-term contract is expected to provide Centrus with a stable revenue stream and further solidify its position in the global nuclear fuel market. News of this major deal likely contributed to the enthusiasm around the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEU","symbol_name":"Centrus Energy Corp.","start_time":0,"source_url":"","article_id":"1113532456","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113532456","pubTimestamp":1738929260,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Centrus Energy Corp.  stock surged 13.67% in pre-market trading on Friday, following the company's impressive fourth quarter 2024 financial results and the announcement of a major supply contract win.For the fourth quarter, Centrus reported revenue of $151.6 million, significantly exceeding the consensus estimate of $106.67 million. 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