The IBD SmartSelect Composite Rating for Centrus Energy increased from 94 to 96 Tuesday.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Centrus Energy is not currently near a proper entry. Look for the stock to form and break out of a new base.
One weak spot is the company's 62 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 0% increase in earnings for Q1. Top line growth increased 67%, up from 46% in the prior quarter. That marks two quarters of rising growth.
Centrus Energy holds the No. 4 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
