On June 2, Centrus Energy rose 8.13% in regular trading, trading at $203.85/share, with trading volume of $133 million. The rally was driven by a broad surge across the uranium and nuclear fuel sector following a major capacity expansion announcement by the only operational commercial uranium enrichment facility in the United States.

Urenco USA announced a multi-billion-dollar investment to expand its New Mexico plant, targeting a 50%+ increase in low-enriched uranium (LEU) production capacity by adding 2.1 million SWU of enrichment capability. The expansion will involve up to 24 centrifuge cascade lines, with the first units expected online by 2032. The facility currently produces 4.3 million SWU annually, covering only about one-third of US demand. The expansion comes as AI-driven data center power demand accelerates nuclear energy revival, with the US government pushing to quadruple domestic nuclear capacity. The DOE has also awarded $2.7 billion in orders for LEU and HALEU production to multiple companies, signaling a rapid rebuild of domestic enrichment capabilities.

Within the Coal & Consumable Fuels sector, the uranium sub-sector rallied broadly. Among individual stocks, Ur-Energy up 22.51%, Uranium up 11.18%, Energy Fuels up 10.67%, Nexgen Energy up 9.52%, Cameco up 8.54%.

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