Centrus Energy is the United States’ premier nuclear fuel enrichment company, operating a centrifuge facility in Oak Ridge, Tennessee—the same site that supplied uranium for the Manhattan Project. Since the shutdown of the last Cold-War-era enrichment plants in 2013, Centrus has been the only domestic supplier at industrial scale. In 2015, the U.S. Department of Energy certified Centrus’s AC100 centrifuge as the most advanced and lowest-risk option for long-term national needs, solidifying its strategic importance to American energy security.

In 2025, Centrus’s stock surged 264%, reflecting surging nuclear demand tied to data center power requirements. The International Energy Agency reports data centers consumed 1.5% of global electricity in 2024, growing at 12% annually over five years, and projects this to reach 3% by 2030. With nuclear viewed as the most scalable carbon-free baseload source, Centrus’s shares rose another 26% at the start of 2026, underscoring investor confidence in its role in meeting AI-driven energy needs.

Centrus reported Q3 2025 revenue of $74.9 million, a 30% increase over Q3 2024, and nine-month revenue of $302.5 million, up 4.1% year-over-year. Operating income for the first nine months of 2025 jumped to $37.4 million from $2.9 million a year earlier, an increase of 1,189.6%. Over the past three years, the company has achieved a 20% compound annual growth rate in revenue. Cash reserves grew from $671.4 million at the end of 2024 to $1.63 billion as of September 30, 2025, enabling the potential repayment of $1.21 billion in debt with $400 million to spare.

The U.S. Department of Energy aims to triple domestic nuclear output by 2050, targeting net-zero emissions goals. With Russia’s uranium supplies accounting for 24% of U.S. utility enrichment purchases now banned, Centrus is poised to fill a critical gap. The company forecasts 40% growth in global nuclear capacity over the next 30 years, independent of new climate legislation, and stands to benefit from robust government support and secular tailwinds in the AI infrastructure build-out centered in northern Virginia.