• In January 2026, Tennessee Gov. Bill Lee, state officials and Centrus Energy announced a major past expansion plan to transition the company’s Oak Ridge facility into a high-rate manufacturing plant, creating nearly 430 jobs and investing more than US$560,000,000 in Anderson County to produce thousands of advanced centrifuges.
• This move deepens Centrus’ role as the only uranium enrichment centrifuge manufacturer in the U.S., tying Tennessee-made centrifuges directly to a federally backed expansion of its Ohio enrichment plant aimed at supporting America’s energy and national security fuel needs.
• Next, we’ll examine how this Tennessee manufacturing expansion, underpinned by federal support, shapes Centrus Energy’s overall investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

What Is Centrus Energy's Investment Narrative?

To own Centrus today, you have to believe in the long game of U.S. nuclear fuel independence and the company’s central role in supplying enriched uranium, especially HALEU, on home soil. The Tennessee manufacturing expansion sharpens that story by locking in a domestic supply chain for centrifuges that feeds directly into the DOE backed Piketon buildout, but it also raises the stakes. Near term, the big catalysts remain policy support and contract flow around HALEU and LEU, along with the upcoming Q4 2025 results, while the share price already reflects a rich earnings multiple and very large multi‑year returns. The Oak Ridge investment adds capital intensity and execution risk on top of existing concerns about volatility and concentrated government exposure, rather than removing them.

However, one key operational risk could matter more than the headline growth story suggests. Centrus Energy's share price has been on the slide but might be up to 17% below fair value. Find out if it's a bargain.

Exploring Other Perspectives

Nine Simply Wall St Community fair value views span roughly US$96 to US$390, underscoring how far apart individual expectations sit. Set that against Centrus’ high earnings multiple and heavy expansion commitments, and you can see why it pays to weigh several viewpoints before deciding how this story might fit your portfolio.

Explore 9 other fair value estimates on Centrus Energy - why the stock might be worth less than half 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 2 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.

Curious About Other Options?

Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay:

• Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.
• Explore 24 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
• We've found 14 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

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.