Centrus Has Tumbled From All-Time Highs in October. Here's What's Next.
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Centrus Energy has fallen almost 50% since recent highs. Is now the time to buy?Centrus Energy (LEU +8.84%) started 2025 with a share price of about $74. In mid-October, the stock hit a 52-week high of roughly $464 a share, representing a mouthwatering 527% gain. Since then, the stock has fallen about 50%, trading at around $234 at the time of writing. ExpandNYSE: LEUCentrus EnergyToday's Change(8.84%) $20.30Current Price$249.98Key Data PointsMarket Cap$4.2BDay's Range$235.00 - $250.5352wk Range$49.40 - $464.25Volume13KAvg Vol1.3MGross Margin28.85% Throughout all of this, Centrus has remained focused on its mission. It's still positioned to play a dominant role in U.S. uranium enrichment and even delivered 900 kilograms of high-assay, low-enriched uranium (HALEU) to the Department of Energy (DOE) in late June. So why did it crash? Apparently, investors needed to reset their expectations for nuclear stocks, as Centrus wasn't the only company in this sector to fall (just look at Oklo). After a huge run like that, investors needed reminding that Centrus isn't a tech company, and its margins will never grow at the rate of, say, Nvidia. The company seems to be on track for what could be another momentous year. Here's what's coming next. Centrus is on track for another HALEU delivery The first thing to know about Centrus is its contract work with the DOE. Since 2019, Centrus has been working with the DOE to produce HALEU at a DOE facility in Piketon, Ohio. In June 2025, that facility produced about 900 kilograms of HALEU. This delivery to the DOE completed Phase II of Centrus' contract.Advertisement Image source: Centrus Energy. Now, Centrus has moved into Phase III, which includes another 900 kilogram delivery and options for another additional eight years of production post-2026. In December 2025, Centrus also announced it had started work on new infrastructure at the Piketon facility, which will help it expand its uranium enrichment capacity. The company also posted a third-quarter profit of about $4 million on roughly $75 million in revenue. LEU Revenue (Quarterly) data by YCharts. The stock may be volatile, but the company is still executing on key deliveries and laying the groundwork for expansion. It's not a safe stock but may be worth watching.Read NextNov 24, 2025 •By Steven PorrelloIs Centrus Energy Stock a Buy Now?Nov 22, 2025 •By Courtney CarlsenShould You Buy Centrus Energy While It's Below $270?Nov 13, 2025 •By Matthew NestoWhere Will Nuclear Fuel Supplier Centrus Energy [LEU] Be in 5 Years?Nov 6, 2025 •By Scott LevineWhy Shares of Centrus Energy Are Powering Down TodayOct 20, 2025 •By Courtney CarlsenWhere Will Centrus Energy Be in 5 Years?Oct 5, 2025 •By Steven PorrelloIs Centrus Energy Stock Your Next No-Brainer Buy for Growth?About the AuthorSteven Porrello is a contributing writer at The Motley Fool covering publicly traded companies in the materials, energy, and industrials sectors. Prior to The Motley Fool, Steven worked in the personal finance space and wrote for other financial publications. He holds a dual B.A. in English and Religion & Philosophy from LaGrange College and is pursuing an MFA from Rutgers University-Newark.TMFsaporrelloStocks MentionedCentrus EnergyNYSE: LEU$249.98 (+0.09%) $+20.30*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement