SCHEDULE: D. E. Shaw Reaffirms Significant Stake in Centrus Energy

D. E. Shaw & Co., L.P. and David E. Shaw report a 5.6% beneficial ownership stake in Centrus Energy Corp., with D. E. Shaw & Co., L.L.C. re-establishing a 5.0% position.

Summary

• D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw are the reporting persons for this Schedule 13G filing concerning Centrus Energy Corp.
• D. E. Shaw & Co., L.P. and David E. Shaw each beneficially own 973,718 shares of Centrus Energy Corp. Class A Common Stock, representing 5.6% of the class.
• D. E. Shaw & Co., L.L.C. beneficially owns 876,483 shares, representing 5.0% of the class.
• The beneficial ownership includes 211,600 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options.
• D. E. Shaw & Co., L.L.C. previously ceased to be a beneficial owner of more than 5% of the class as of October 16, 2025, but again became a beneficial owner of more than 5% on January 7, 2026.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of Centrus Energy Corp.

Sentiment

Score: 6

Explanation: The filing indicates continued significant institutional interest in Centrus Energy Corp. from D. E. Shaw, with one entity re-crossing the 5% ownership threshold. This is generally a neutral to slightly positive signal, as it reflects sustained investor confidence without implying active engagement for control or providing new fundamental information.

Positives

• D. E. Shaw & Co., L.L.C. re-established its beneficial ownership above the 5% threshold, indicating renewed or continued interest in Centrus Energy Corp.
• The overall beneficial ownership by D. E. Shaw entities (L.P. and David E. Shaw) remains significant at 5.6%, suggesting a long-term passive investment.

Negatives

• No specific negative information is contained within this passive ownership disclosure.

Risks

• David E. Shaw disclaims beneficial ownership of the 973,718 shares, which is a legal nuance common in such filings, not a direct business risk to Centrus Energy.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Centrus Energy Corp. or the reporting persons regarding the company's future performance.

Industry Context

This filing indicates that a prominent institutional investor, D. E. Shaw, maintains a significant passive stake in Centrus Energy Corp., a company operating in the nuclear fuel and services industry. Such institutional ownership can be a signal of investor confidence in the sector or the company's long-term prospects, particularly given the renewed interest from D. E. Shaw & Co., L.L.C.

Corporate Governance

Stakeholder Impact

• Shareholders: The continued significant ownership by a major institutional investor like D. E. Shaw may be viewed positively, potentially signaling confidence in Centrus Energy Corp.'s value.
• Management: Awareness of a substantial passive investor holding a significant stake in the company.

Key Dates

Recommendation

The Schedule 13G filing indicates a significant institutional investor, D. E. Shaw & Co., L.P., maintains a 5.6% beneficial ownership in Centrus Energy Corp., with D. E. Shaw & Co., L.L.C. re-establishing a 5.0% stake. While this signals continued institutional interest, the filing itself is a passive disclosure and does not provide fundamental financial or operational data to warrant a strong buy or sell recommendation. Investors should consider this ownership alongside other financial and strategic information about Centrus Energy Corp. to make informed decisions.

Keywords

Centrus Energy, D. E. Shaw, Schedule 13G, beneficial ownership, institutional investor, Class A Common Stock, nuclear fuel, uranium