Truist Financial initiated coverage on Centrus Energy (LEU) with a "Buy" rating. The firm set a $215 price target. Truist also initiated coverage on competitor Oklo (OKLO), assigning a "Hold" rating.
Truist's positive thesis on Centrus hinges on the company's transition from a nuclear fuel supplier to a commercial uranium enrichment provider. This shift positions Centrus to fill a significant supply gap as Western markets reduce reliance on Russian enrichment capacity. Truist argues this high-growth potential is not fully reflected in Centrus's current valuation.