• On January 24, 2026, Tennessee officials announced a major expansion involving Centrus Energy’s Oak Ridge site, converting it into a high‑rate manufacturing plant backed by more than US$560 million of planned investment and nearly 430 new jobs in Anderson County over the coming years.
• This move positions Oak Ridge as a key production hub for centrifuges that Centrus plans to deploy at its Ohio enrichment operations starting in 2029, underscoring the company’s growing role in the U.S. nuclear fuel supply chain.
• Next, we’ll examine how this large Tennessee manufacturing expansion, tied to future Ohio deployment, shapes Centrus Energy’s investment narrative.

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What Is Centrus Energy's Investment Narrative?

To own Centrus today, you really have to believe in its central role in rebuilding a domestic nuclear fuel supply and in its ability to turn that position into durable profits, despite a premium valuation and volatile share price. The big Tennessee expansion, tied directly to the planned HALEU and LEU ramp in Ohio, reinforces that long-term thesis but also reshapes the near-term picture: it sharpens the focus on execution risk, construction and cost overruns, and continued dependence on large, multi‑year government contracts. Short‑term catalysts now sit around funding visibility for Piketon, the integration of the new Oak Ridge capacity, and upcoming earnings that need to justify a high earnings multiple after a very large multi‑year return. If those fall short, sentiment can change quickly.

However, one key funding dependency could still surprise investors who only see the growth headlines.
Despite retreating, Centrus Energy's shares might still be trading above their fair value and there could be some more downside. Discover how much.

Exploring Other Perspectives

Nine fair value estimates from the Simply Wall St Community span roughly US$96 to US$390 per share, reflecting sharply different views on what Centrus is worth. When you set that wide band against execution and funding risks around the Tennessee and Ohio build‑outs, it underlines why taking in several perspectives may matter before forming a view on the company’s next chapter.

Explore 9 other fair value estimates on Centrus Energy - why the stock might be worth as much as 48% more than the current price!

Build Your Own Centrus Energy Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Centrus Energy research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Centrus Energy research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Centrus Energy's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.