Centrus Energy opens +40% on Q4 results, 2016 outlook

|About: Centrus Energy Corp. (LEU)|By:, SA News Editor

Centrus Energy (LEU +39.2%) surges at the open following Q4 earnings results that include total revenue of $158M, up 28% Y/Y, and an optimistic 2016 outlook.

LEU says it sees 2016 SWU and uranium revenue of $250M-$275M and total revenue of $275M-$300M, and expects to end 2016 with a cash balance of $200M-$250M.

Results could be affected by execution and funding of a new agreement with UT-Battelle, the operator of ORNL, for the continuation of American Centrifuge development and testing activities in Oak Ridge.

Subscribe for full text news in your inbox