5 Cheap Nuclear Energy Stocks to Buy Amid Energy War

Centrus Energy Corp. (NYSE:LEU) is a leading provider of nuclear fuel and services for the nuclear power industry in the United States. The company also has operations in Japan, Belgium, and internationally. The company operates through two business segments: Low-Enriched Uranium and Technical Solutions. As of September 2, Centrus Energy Corp. (NYSE:LEU) has soared by 41.51% over the past twelve months.

On August 8, Roth Capital analyst Joe Reagor upgraded Centrus Energy Corp. (NYSE:LEU) to Buy from Neutral and raised his price target to $48 from $45. As of September 2, the stock has a trailing twelve-month PE ratio of 3.49.

On August 4, Centrus Energy Corp. (NYSE:LEU) announced earnings for the second quarter of fiscal 2022. The company reported earnings per share of $2.51 and beat EPS estimates by $1.93. The company’s revenue for the quarter amounted to $99.1 million, up 59% year over year, and outperformed market consensus by $41.5 million.

At the close of Q2 2022, 6 hedge funds held stakes in Centrus Energy Corp. (NYSE:LEU) worth $14.7 million. This is compared to 9 positions in the previous quarter with stakes of $15.4 million.