B. Riley Adjusts Price Target on Centrus Energy to $188
B. Riley maintained a Buy rating on Centrus Energy while adjusting its price target to $188 from $295.
Stocks · News reference
Top 3 Energy Stocks That May Explode In October
NexGen, Uranium Energy and Centrus Energy are oversold, with RSI below 30, potentially offering undervalued buying opportunities.
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Shares of uranium and nuclear-related companies are trading lower as hotter-than-expected inflation data fuels a rise in Treasury yields and expectations for interest rates to remain elevated. Elevated borrowing costs could increase financing expenses for capital-intensive nuclear projects, potentially delaying development timelines and weighing on investor sentiment toward the sector.