Why Centrus Energy Stock Sank 13.5% in May
Written by Scott Levine for The Motley Fool -> Centrus Energy reported Q1 2026 financial results in early May. Citigroup lowered its price target on Centrus Energy stock. Nuclear energy investors who seek conservative invest opportunities may prefer a nuclear energy ETF. Whil
Centrus Energy reported Q1 2026 financial results in early May.
Nuclear energy investors who seek conservative invest opportunities may prefer a nuclear energy ETF.
While the initial reaction to Centrus Energy 's (NYSE: LEU) early May announcement of its first-quarter 2026 financial results was positive, the market's enthusiasm didn't last. Shares of the nuclear energy stock quickly tumbled lower and subsequently failed to recover for the remainder of the month.
According to data from S&P Global Market Intelligence , Centrus Energy shares dropped 13.5% in May.
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Initially, investors found cause to celebrate with the announcement of Centrus's Q1 2026 financial report. The company reported earnings on May 5 after the market closed, and shares closed more than 12% higher the following day. For one, Centrus upwardly revised its 2026 revenue guidance to $450 million to $500 million from $425 million to $475 million.
In addition, the company reported growth in its low-enriched uranium (LEU) backlog. At the end of Q1 2026, Centrus had about $3.1 billion in LEU backlog, up from $2.8 billion at the same time last year.
But the blights in the company's financial results soon became apparent.
