Centrus Energy (LEU) – Uranium Enrichment, Capital Erosion, and +103.2%

Since its last report, Centrus Energy has received a $900 million order from the U.S. Department of Energy, begun a multibillion-dollar capacity expansion, and signed several contracts to supply high-purity low-enriched uranium. However, the company’s operating profitability has fallen to nearly zero, and stock offerings and warrant issuances continue to dilute shareholders’ stakes. We’ll examine how these developments fit into our gold forecast, which has already yielded a 103.2% return.