Centrus Energy Order Backlog Swells to $3.9 Billion, Fueling Growth Outlook

EarningsCorporate Action Impact 4
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Summary · why it matters

Centrus Energy's order backlog has swelled to $3.9 billion as of May 2026, including contingent sales, with contracts extending through 2040, providing long-term cash flow visibility. The company, the only publicly traded, deployment-ready enricher and the sole HALEU enricher in the Western world, recently signed a letter of intent with Oklo to supply high-assay low-enriched uranium for five Aurora powerhouses beginning in 2029. Centrus reported fiscal 2025 revenue of $448.7 million and gross profit of $117.5 million, with its LEU segment contributing 77% of revenue, and ended the year with a $2 billion cash buffer. Analysts have a consensus Moderate Buy rating on the stock with a mean price target of $275.08, implying 47% upside, while the most bullish target of $390 suggests a potential gain of 103.8%. The company guided for fiscal 2026 revenue of $475 million at the midpoint, representing 5.9% year-over-year growth, and sees a total addressable market for LEU in U.S. reactors of $3 billion annually, with the HALEU market projected to reach $2.8 billion per year by 2030 and $8 billion by 2035.

Impact on stocks 2

Energy Transition & Power Demand▲ · 2 stocks
Centrus Energy Corp.
LEU
▲ PositiveDemandrelevance

Order backlog swelled to $3.9B, including LOI with Oklo for HALEU supply, indicating strong demand for its enrichment services.

Oklo Inc.
OKLO
▲ PositiveDemandrelevance

Signed LOI with Centrus to supply HALEU for five Aurora powerhouses, securing fuel supply for its reactor projects.

Theme Impact 3

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