12 Best Uranium Stocks to Invest in According to Analysts

4. Centrus Energy Corp. (NYSE:LEU)

Number of Hedge Fund Holders: 22

Average Upside Potential: 118.55%

Centrus Energy Corp. (NYSE:LEU) is a Maryland-based provider of nuclear fuel components and services, operating through two business segments – Low-Enriched Uranium (LEU) and Technical Solutions. On March 4, Citi started coverage of LEU with a Neutral rating and a price target of $104. The investment firm noted that Centrus is close to becoming the only large-scale US producer of LEU and HALEU, with plans to expand its enrichment capacity. Its Ohio facility is ready for the next phase, but it needs part of a $3.4 billion government fund to proceed. However, funding and valuation uncertainties led to a Neutral rating.

Centrus Energy Corp. (NYSE:LEU) reported $73.2 million in net income and grew its revenue to $442 million for the year ended December 31, 2024, up from $320 million last year. During the year, the company secured around $2 billion in contracts, continuing HALEU production, restarting centrifuge manufacturing, and landing new government deals. On November 7, 2024, the company raised about $388.7 million from a $402.5 million offering of convertible senior notes due in 2030. The company plans to use the proceeds to invest in new tech, expand operations, pay down debt, and explore future growth opportunities. It is one of the best uranium stocks to buy now.

Among the hedge funds tracked by Insider Monkey in Q4 2024, 22 funds reported owning stakes in Centrus Energy Corp. (NYSE:LEU), compared to 11 funds in the previous quarter.