Why Centrus Energy Group Stock Surged 12% Higher Today
It signed a letter of intent for a lengthy supply deal with a high-profile peer.
Why Centrus Energy Group Stock Surged 12% Higher Today
Overview
The stock of Centrus Energy Group (NYSE: LEU) didn't exactly go nuclear on Thursday, but investor enthusiasm over a new deal boosted its price. The nuclear fuel and enrichment services company's shares raced more than 12% higher on the news in that trading session.
In a joint press release published that morning, Centrus and small modular reactor (SMR) company Oklo announced they had signed a letter of intent for a set of projects in Ohio.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
