10 Best Nuclear Energy Stocks To Invest In Now

3. Centrus Energy Corp (NYSEAMERICAN:LEU)  

Upside Potential: 26.26%  

Centrus Energy Corp (NYSEAMERICAN:LEU) provides nuclear fuel and related services to utility companies worldwide. Since 1998, Centrus Energy Corp (NYSEAMERICAN:LEU) has delivered more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal.

On October 17, Centrus Energy Corp (NYSEAMERICAN:LEU) announced that its subsidiary, American Centrifuge Operating, LLC, (ACO) has been awarded a contract by the U.S. Department of Energy to expand domestic commercial production of HALEU. This award is part of a larger effort to restore a robust, American-owned uranium enrichment capability to power the future of nuclear energy.

ACO is one of four awardees being awarded the contract, which has a minimum value of $2 million and a maximum value of $2.7 billion over a ten-year period, although the ultimate dollar amount will depend on subsequent task orders issued by the Department of Energy. ACO will manufacture the necessary centrifuges and equipment in the United States, relying on a domestic supply chain.

This award is significant because HALEU is a critical component of many next-generation nuclear reactor designs currently under development. By expanding domestic production of HALEU, Centrus Energy Corp (NYSEAMERICAN:LEU) is helping to meet the needs of the advanced nuclear industry and support the growth of nuclear energy in the United States.

On October 8, ACO was also selected by the U.S. Department of Energy to support the deployment of technology and equipment to deconvert HALEU from uranium hexafluoride (UF6) to uranium oxide and/or uranium metal forms. ACO was one of six awardees announced for deconversion, with a minimum contract value of $2 million and a maximum value for all awardees of $800 million.