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UK's Centrica is Morgan Stanley's top pick on nuclear momentum

ReutersSep 17, 2025 7:49 AM

British energy firm Centrica CNA.L rises ~2.6% to 167.05p; top pct gainer on FTSE 100 index .FTSE

Morgan Stanley adds stock to its top-pick list

Upgrades to "overweight" from "equal weight"; raises PT to 210p from 175p

Says co gaining strong nuclear momentum, with lifetime extensions to fleet, compelling Sizewell C deal, new advanced modular reactors (AMR) deal with X-Energy in UK

Trump, during his two-day visit to Britain last week, and UK PM Keir Starmer unveiled nuclear tie-up, including plans by X-Energy and Centrica to build up to 12 AMR in northeast England

Brokerage believes Centrica well placed, given its strategically important UK gas asset, recent investments into new power generation capacity in UK, Ireland

Stock rated "buy" on average; median PT is 194.5p, per data compiled by LSEG

As of last close, CNA up ~25% this year

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