USEC Inc. (USU) Inks Deal with Department of Energy
USEC Inc. (NYSE: USU) ended Wednesday’s trading session at $0.95, up from its previous close of $0.76. The stock traded in the range of $0.94 and $1.14 during the session. USEC had opened the session at $0.97. The stock has been trading in the range of $0.64 and $3.61 during the previous 52 weeks time period.
USEC announced that it has received $280 million worth of investment from the Department of Energy for its next-generation uranium plant in Ohio. The company will also inject an additional $70 million into the project. Both the parties will make an outlay of $110 million to keep the project afloat till November.
In lieu to its investment, the government will now own the company’s existing and new equipments. The government will make these equipments available to the company on lease basis. Once the plant is successfully deployed on commercial basis, the equipment ownership will revert back to the company. USEC suffered a major loss last quarter. It had to slash jobs to cut costs.
USEC is an energy company and is in the business of supplying low enriched uranium. The company is mainly operational in Japan and the United States. The company was formed in 1993 and is based out of Bethesda, Maryland.
- Check out all our other hot penny stocks: Hot Stocks
- This newsletter has been helping traders make a killing on USU. Click here for a 25% discount offer.
- See today’s top stock picks and market analysis
- Need fast service and cheap rates from a broker? Buy stock online at my favorite brokerage Want more?
- Check out the message board buzz for USU
- See what newsletters are recommending this stock pick
- Get breaking news alerts on these stocks: http://thestockmarketwatch.com/
Posted by Terrel Sugar
on Thursday, June 14th, 2012. Filed under Internet, Technology.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Tech24.org is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
© 2012