Why These Energy Stocks are Losing This Week

1. Centrus Energy Corp. (NYSE:LEU)

Share Price Decline Between Feb. 14 – Feb. 24: 21.41%

Centrus Energy Corp. (NYSE:LEU) is a trusted supplier of nuclear fuel and services for the nuclear power industry.

Shares of Centrus Energy Corp. (NYSE:LEU) surged by over 45% earlier this month after the company posted strong results for its Q4 2024. LEU reported a revenue of $151.6 million, up 46.33% and beating market expectations by over $44.9 million. The company’s EPS of $3.2 was also above analysts’ estimates by a significant $1.56. However, the stock has retracted ever since, reflecting the ongoing general trend among nuclear energy stocks. The stocks’ fortunes are closely tied to growth in artificial intelligence and now there are concerns that the AI industry might not require as much energy as previously anticipated.

Overall, Centrus Energy Corp. (NYSE:LEU) ranks first on our list of the energy stocks that are losing this week. While we acknowledge the potential for energy stocks, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LEU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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