(Updates, adds context, recasts throughout) ** Shares of Centrus Energy tumble 30% to $79.59 on Mon after co announces convertible debt deal plans, and U.S. regulators rejected data center deal between Amazon.com and Talen Energy
** LEU on track for biggest one-day pct decline in two years ** Early Mon, the Bethesda, Maryland-based nuclear fuel supplier said it's offering privately $350 mln 6-yr convertible bonds for investment in technology development or deployment, debt paydown, capex, potential acquisitions ** Late Fri, Federal Energy Regulatory Commission (FERC) rejected an amended interconnection agreement between AMZN and electric utility TLN to increase capacity from a nuclear power plant in Pennsylvania to one of the internet retail giant's data centers
** With move on session, LEU has shed ~$500 mln of market cap to ~$1.3 bln, per LSEG data ** On Oct 18, LEU jumped ~22% to close at $98.59, a day after co was awarded uranium production contract by U.S. DOE for new reactors ** Stock ended Sept at $54.85. It had received a boost as likes of AMZN and Alphabet's Google inked deals last month to develop nuclear power technology to meet surging demand from data centers
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper.thomsonreuters.com@reuters.net lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.