CENTRUS ENERGY

Stifel has confirmed its buy recommendation for Centrus Energy but reduced the 12-month price target from $246 to $216, citing the budget outlook from the US Department of Energy as a risk. The stock rose intraday by about 6% from roughly $177 to $204.98. Stifel bases its positive view on strong Q2 results (revenue $176.1m, +14% y/y), a commercial order backlog of roughly $4.5bn and the removal of financing contingencies totaling more than $3bn. Barclays and UBS have also recently signaled mostly neutral to positive analyst commentary. » More on de.investing.com

Centrus Energy could receive a strategic growth boost as the US military becomes a potential customer for the company’s enriched uranium. CEO Amir Vexler expects a corresponding contract with the US government to be concluded as early as 2026, after the Energy Department signaled its intent to award the work. A government contract would give Centrus access to a multi‑billion‑dollar market. » More on finanzen.net

The compensation committee of Centrus Energy approved one-time, performance-based Restricted Stock Units (RSUs) for CEO Amir V. Vexler and other executives under a supplemental executive incentive plan. The RSUs vest only upon achievement of defined performance milestones; Vexler receives full vesting at the "Final Milestone", while other executives vest 30% after completion of the first cascade in Piketon and 70% at the Final Milestone. The grants are subject to cost caps and lapse upon early termination; total values at full achievement: Vexler $5,000,000, several executives between $1.3 and $2.0 million. The company also reported Q2 results that beat forecasts, increased revenue and backlog, and expanded HALEU agreements, strengthening its position in advanced nuclear fuels. » More on de.investing.com