Centrus Energy Corp. extended its Section 382 Rights Agreement through June 30, 2029, to preserve substantial tax assets associated with net operating loss carryforwards (NOLs). The company entered into the seventh amendment to the Rights Plan after obtaining approval from stockholders at its 2026 annual meeting held on June 18, 2026. The extension is intended to protect the company's ability to utilize these tax assets under Section 382 of the Internal Revenue Code.

The Rights Plan is similar to those adopted by other public companies with significant NOLs. Under U.S. federal income tax rules, the company's use of certain tax assets could be substantially limited if it experiences an "ownership change" as defined in Section 382. An ownership change generally occurs if the ownership of the company's stock by "5 percent stockholders" increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years on a rolling basis.

Key Details of the Amendment

The company will file a Current Report on Form 8-K and an amendment to Registration Statement on Form 8-A with the Securities and Exchange Commission to provide additional details regarding the amendment to the Rights Plan. Centrus Energy is a supplier of nuclear fuel and services for the nuclear power industry.

Centrus Energy Corp. shares rose in Thursday's session after the company signed a Letter of Intent with Oklo Inc. to supply domestic high-assay low-enriched uranium (HALEU) for advanced nuclear reactors. The agreement marks a crucial step in advancing domestic nuclear fuel supply, which is vital for the growth of the advanced nuclear sector. This deal is among the early large-scale HALEU supply arrangements and may include prepayment structures from Oklo.

Supply Agreement Details

The agreement anticipates a definitive contract that will align Centrus' enrichment capabilities with Oklo's power generation plans. Centrus will supply HALEU to power up to five Aurora powerhouses over multiple years, with deliveries expected to begin in 2029. This collaboration aims to enhance the reliability of HALEU supply, which is essential for the deployment of next-generation reactors. Centrus is expected to provide sufficient HALEU for multiple reactor core cycles across the planned Aurora fleet.

In parallel, Oklo has also signed an MOU with Kiewit Nuclear Solutions to support engineering, procurement, and construction planning for the initial deployments in southern Ohio.

Technical Analysis and Market Performance

Centrus Energy's stock is currently trading at $185.00, approximately 5.9% above its 20-day simple moving average (SMA) of $173.78. However, the stock is 2.9% below its 50-day SMA of $189.50, indicating a mixed technical picture. The Relative Strength Index (RSI) is at 47.65, suggesting the stock is in a neutral zone. At the time of publication, Centrus Energy shares were up 8.21% at $184.29.

Financial Outlook and Analyst Ratings

Centrus Energy is slated to provide its next financial update on August 4, 2026. Analysts estimate an EPS of $1.02, down from $1.59, and revenue of $147.45 million, down from $154.50 million. The stock carries a Hold rating with an average price target of $234.50. Recent analyst actions include UBS lowering its target to $170.00, Citigroup lowering its target to $218.00, and B. Riley Securities lowering its target to $295.00 while maintaining a Buy rating.

Analyst Price Targets

Value, Growth, and Momentum Rankings

According to the Benzinga Edge scorecard, Centrus Energy has a Value Rank of 6.41, indicating the stock is trading at a steep premium relative to peers. The Growth Rank is 98.52, suggesting strong growth potential compared to the market. The Momentum Rank is 10.61, showing the stock is underperforming the broader market. The stock holds significant weight in the State Street SPDR S&P Metals & Mining ETF (XME), with reported weights of 4.37% and 6.35%, making it susceptible to passive fund flow risks.