LEU up 11%. Here's what's happening:

Shares of Centrus Energy Corp (LEU) are trading 11% higher at a price of $44 at the time of this writing. Shares of the stock are strongly outrunning other names in the space on what is turning out to be a upbeat day for the Energy sector.

The stock joins several other big movers in the nuclear fuel space today. Some recent news that almost might affect the stock:

- The Inflation Reduction Act makes a critical investment in HALEU enrichment.
- Roth Capital upgrades Centrus Energy (NYSEAMERICAN:LEU) to “Buy”.

Centrus Energy Corp has been trading between a 52-week high of $88.88 and a 52-week low of $17.36. The stock has a market cap of $606 Million.

Centrus is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal.