Centrus Energy rises after upsized $700 mln convertible bond sale
ReutersAug 14, 2025 10:38 AM
Shares of nuclear fuel supplier Centrus Energy LEU.A up 2.4% premarket to $191.95 after above-target capital raise
Bethesda, Maryland-based LEU late Wed announced pricing $700 mln 0% 7-yr convertible bond offering
Initial conversion price of $229.62 represents 22.5% premium to stock's last sale
LEU shares on Wed slumped ~14% to $187.44 after co announced $650 mln offering for general purposes
Through Wed, shares up 181% YTD for $3.4 bln market cap
9 of 13 analysts rate LEU "strong buy" or "buy", rest rate "hold"; median PT $247 up from $205 a month ago - LSEG data
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