Guggenheim initiated coverage of Centrus Energy Corp. (LEU) with a Buy rating and a $167.00 price target. The firm cited Centrus’s unique position as the only U.S. company with a clear path to commercially providing high-assay low-enriched uranium (HALEU) fuel. It expects the company’s HALEU enrichment efforts to reach scale by 2032.
Centrus shares have been volatile and hit a 52-week low on October 1. Guggenheim’s rating adds to an already bullish consensus among Wall Street analysts. The stock saw a marginal gain in pre-market trading after the announcement.