Centrus Energy’s share price surged 264% over the course of 2025, reflecting unprecedented investor enthusiasm for nuclear fuel suppliers. The rally continued into early 2026, with an additional 26% gain year-to-date through January, marking a total 315% increase over the past 12 months. This performance positions the company among the top performers in the utilities sector, driven by robust demand expectations for enriched uranium in the data-center and power-generation markets.

According to the International Energy Agency, data centers currently consume 1.5% of global electricity, and that figure has grown at 12% annually over the last five years. By 2030, data-center demand is projected to reach 3% of worldwide generation. Recognizing this trend, the U.S. Department of Energy plans to triple domestic nuclear output by 2050. Centrus, with its Oak Ridge enrichment facility located near northern Virginia’s data-center corridor, is uniquely positioned to supply the high-purity U-235 fuel required for the next generation of carbon-free baseload power supporting the AI revolution.

Centrus operates the AC100 centrifuge plant in Oak Ridge, Tennessee, the only industrial-scale uranium enrichment facility in the United States since 2013. The Department of Energy designated the AC100 as the most advanced and lowest-risk enrichment technology in 2015, and the plant has since ramped to commercial operation. The shutdown of Russian imports, which once supplied 24% of U.S. utility enrichment needs, has created an urgent supply gap that Centrus’s domestic capacity is filling, reinforcing America’s strategic resilience in critical nuclear fuel supply chains.

Centrus reported Q3 2025 revenue of $74.9 million, up 30% from the same quarter in 2024, and $302.5 million over the first nine months of 2025, a 4.1% increase year-over-year. Operating income jumped from $2.9 million through Q3 2024 to $37.4 million through Q3 2025, an 1,189.6% rise. Over the past three years, the company has delivered a 20% compound annual revenue growth rate. Cash reserves swelled from $671.4 million at year-end 2024 to $1.63 billion as of September 30, 2025, enabling Centrus to fully retire its $1.21 billion in debt in one transaction and retain a $400 million surplus for reinvestment.