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Centrus Energy Corp. (LEU)

NYSE American - Nasdaq Real Time Price. Currency in USD
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44.70+2.58 (+6.13%)
As of 10:27AM EST. Market open.
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  • R
    Russell Notestine
    Hi all! New blood LONG. I used to trade this many years ago. Before the 1-25 reverse split. If you think the price is down now.. they had to do the reverse split back then so they could maintain the $5.00 per share minimum. 25 shares so they could stay above $5.00. Prior to that split.. it had historically traded around $300. $300 dropped so far that they had to combine 25 shares to stay over $5.00. I wasn't here for all of that. Three mile island.. Chernobyl etc. happened. I think nuclear (which is a LOT safer now) will have to be included in the electricity mix in a more carbon neutral world. I know a lot of companies are working on "Modular Nuclear Reactors" Haul it in on a train and turn it on. They work kind of like the reactors on big ships and submarines. Anyway I'm Russ. Figured this would be a good place to hide while the super stores and car makers etc. get their prices adjusted.
  • P
    Peter Grynch
    Bloomberg reported that Beijing has plans to build 150 nuclear reactors at a staggering cost of $440B over the next 15 years as the country looks to become carbon neutral by 2060.

    China's nuclear intentions resonate well with a cross-section of leaders and the investment community considering the global energy crisis and the calls for action coming out of the COP26 Climate Summit. That many reactors is more than what the entire planet has built in the past 35 years, representing a third of the current global fleet of 440 reactors.
  • P
    Peter Grynch
    The European Commission said Monday it would need more time to agree plans to label energy from nuclear power and natural gas as "green" investments, amid fierce disagreement.

    The proposal by the EU executive aims to support the 27-nation bloc's shift towards a carbon-neutral future and gild its credentials as a global standard-setter for fighting climate change.

    Brussels needs to agree which energy sources are clean, to unlock hundreds of billions of euros in private spending and counter "greenwashing" by businesses that falsely promote investments as sustainable.

    The commission quietly distributed a text to member states in the final hours of 2021 after the much-delayed document had been twice promised earlier in the year, highlighting the rocky road to draft it.

    The EU executive had said it would give itself until January 12 to consult with member states and MEPs on the proposal, but on Monday added that it would need another nine days to complete the process.

    Given the recent holiday break, "it's only natural that we provide a bit more time," said EU spokesman Eric Mamer, confirming a tweet by a German official that the new deadline was January 21.
  • P
    Peter Grynch
    There is a civil war going on in Kazakhstan.

    Kazakhstan is the world's largest supplier of uranium, the most widely used fuel by nuclear plants accounting for about 40% of global output, Insider reported. Prices of uranium jumped about 8% on Wednesday, according to commodity pricing agency S&P Platts.

    Some commodities have spiked in the midst of the turmoil. Prices of uranium and crude oil, in particular, surged on fears of diminished production.
  • P
    Peter Grynch
    The Department of Energy established a new office Tuesday devoted to developing technologies that are able to reduce the economy's reliance on fossil fuels.

    The Office of Clean Energy Demonstrations, which was authorized by the recently passed bipartisan infrastructure bill, will spend from its $20 billion allocation to support demonstration projects looking to commercialize technologies such as carbon capture, small modular nuclear reactors, and grid-scale energy storage.
  • B
    B_B_
    Centrus Energy, Clean Core Thorium advance work to develop next-generation fuel
    Dec. 14, 2021 10:55 AM ETCentrus Energy Corp. (LEU)By: Meghavi Singh, SA News Editor

    Centrus Energy (LEU +1.2%) and Clean Core have been working together under a memorandum of understanding signed earlier this year to promote Clean Core's advanced nuclear fuel, which will combine thorium with High-Assay, Low-Enriched Uranium produced by Centrus and to promote the use of ANEEL advanced nuclear fuel in CANDU reactors around the world, together with other PHWRs..
    Centrus Energy (LEU +1.2%) President and CEO Daniel Poneman congratulated Clean Core Thorium Energy and Texas A&M on successfully fabricating the first sample pellets of a next-generation nuclear fuel called ANEEL.
    Based on more than 15 years of research and design, the new HALEU-Thorium ANEEL fuel is suitable for new and existing CANDU and other Pressurized Heavy Water Reactors.
    Clean Core plans to test and qualify ANEEL fuel at the Idaho National Laboratory next year and expects to commercialize the fuel by late 2024.
    Texas A&M University's Nuclear Engineering and Science Center successfully fabricated the ANEEL fuel samples under quality requirements and supervision of INL.
    While the initial test pellets being fabricated by Texas A&M are using a small quantity of HALEU supplied by INL, Clean Core Thorium Energy plans to use HALEU from Centrus for commercial-scale production of ANEEL fuel.
    Under a three-year contract signed with the U.S. Department of Energy in 2019, Centrus is constructing the first NRC-licensed HALEU production line in Piketon, Ohio.
    Centrus has met every contract milestone to date and is continuing its work under the contract.
  • P
    Peter Grynch
    Insider selling:
    SVP, CFO, CAO & Treasurer of Centrus Energy Corp (30-Year Financial, Insider Trades) Philip O Strawbridge (insider trades) sold 20,000 shares of LEU on 12/22/2021 at an average price of $53.45 a share. The total sale was $1.1 million.
  • P
    Peter Grynch
    NY Times: Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments
    The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.
  • A
    Alupang
    Roth downgrades from Buy to Hold and LEU melts 50%. Now Roth says buy. Sigh.
  • P
    Peter Grynch
    Jan 1 (Reuters) - The European Union has drawn up plans to label some natural gas and nuclear energy projects as "green" investments after a year-long battle between governments over which investments are truly climate-friendly.

    The European Commission is expected to propose rules in January deciding whether gas and nuclear projects will be included in the EU "sustainable finance taxonomy".

    This bares watching!
    If you want to read the whole thing google an article By Kate Abnett and Simon Jessop
    Bullish
  • P
    Peter Grynch
    Germany shuttered three nuclear reactors on December 31, closing down a combined 4254 MWe of capacity, leaving the country with three remaining nuclear plants, a move that challenges the country’s commitment to climate control goals in the name of national safety.

    Brokdorf NPPGermany has gone back and forth on initiatives to close down its nuclear power industry with the final blow struck after the March 2011 disaster at the Fukushima-Daiichi Nuclear Power Station in Japan, which suffered a three-reactor meltdown after an earthquake-triggered tsunami knocked out the plant’s back up power system.

    Germany closed the Brokdorf plant in the Schleswig-Holstein state in northern Germany, a 1480MWe capacity pressurized water reactor, Grohnde, a 1430MWe capacity PWR in Lower Saxony and Grundremmingen C, a 1344MWe capacity boiling water reactor in Bavaria.

    The three reactors each started operations in the 1980s, according to Nuclear Engineering International.

    The closures leave Germany with three operating plants: Emsland in Lower Saxony, a 1406MWe PWR, Isar in Bavaria, a 1485MWe capacity PWR and Neckarwestheim 2 in Baden-Wurtemberg, a 1400MWe capacity PWR.

    Germany’s Federal Environment & Nuclear Safety Minister Steffi Lemke said the closures would make Germany a safer place. Others pointed out that energy prices were already rising and the closures were certain to push prices even higher.
  • P
    Peter Grynch
    We went from $44 to $54 just this week. I would be shocked if we got back to $89 any time soon, but this stock has shocked me numerous times.

    Merry Christmas!
  • P
    Peter Grynch
    Weird news: Kazakhstan ponders building nuclear power plant to fight energy gap caused by bitcoin boom

    Authorities in Kazakhstan are considering building a nuclear power plant following the rapid growth of cryptocurrency mining, which has seen the Central Asian country suffer from serious electricity shortages.

    Speaking on Tuesday, Minister of Energy Magzum Myrzagaliev revealed that the government is currently considering two locations for a thermal power station that could help close the capacity gap. As things stand, around 70% of the country’s plants run on coal.

    Kazakhstan is the world’s largest uranium miner and has considered building a nuclear plant for more than a decade.
  • t
    tom
    Anyone got a chance to read the 8K filing ?
    Bullish
  • P
    Peter Grynch
    Roth Capital upgraded Centrus Energy to buy from hold, raising its price target to $58, up only from $57, to "reflect the impact from the completion of the Preferred Stock redemption," which is a "small benefit to the valuation," analyst Joe Reagor told investors in a research note.

    The analyst added that since he last wrote about the company, its share price has declined significantly, reflecting a reversal of non-fundamental trading in Centrus shares, while he is also expecting operating results to improve next year.
  • A
    Alupang
    Just holding my modest position; no stops. Up >100% and back to zero beach. Now green again. Let's see $100 next please.
    Bullish
  • P
    Peter Grynch
    A small but growing group of environmentalists have put aside their traditional opposition, realizing that nuclears lack of emissions, overall safety record, and, most importantly, reliability make nuclear power a prime candidate for inclusion in an “all of the above” palette of electricity generation.

    One key convert: French President Emmanuel Macron, who went from advocating a year ago for cutting the percentage of the nation’s electricity generated by nuclear power from 75% to 50% to now calling for new nuclear reactors in a move to “guarantee France’s energy independence, to guarantee our country’s electricity supply and achieve our objectives, in particular carbon neutrality in 2050.” Several EU nations once opposed to adopting nuclear power as part of their taxonomy of carbon-free alternatives to fossil fuels have rethought their opposition, leaving Austria, Germany, and Spain as the last main holdouts. Some nations are even reconsidering their past pledges to phase out nuclear because alternatives just aren’t ready yet, and may not be for decades.

    Oil-poor Japan, too, is overcoming its understandable resistance to rekindle its nuclear power industry, as new Prime Minister Fumio Kishida told his parliament, “It’s crucial that we restart nuclear power plants.”

    The same problems Europe faced with wind and solar plague us, too. But while Europe seemed less hesitant to maintain its nuclear generation in the wake of the Chernobyl disaster, nuclear plant construction all but ceased here in the U.S. after the Three Mile Island incident in 1979.

    However, nuclear advocate Charlotte Whelan makes the same arguments her European counterparts do in advocating for a larger nuclear share. “Nuclear power’s share of our electricity production has been stagnant for the last three decades,” she says, “but if we want to reduce carbon emissions and increase clean energy, we need to boost nuclear power production.”
  • P
    Peter Grynch
    $57 in afterhours trade. No new company-specific news. We may be a "meme" stock.
  • a
    alex
    What an excellent opportunity!!! $$$$$
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