{ "report_id": "theme_nuclear_power_node_conversion_enrichment_haleu_fuel_fabrication", "report_type": "theme_value_chain_node", "site_path": "themes/nuclear-power/nodes/conversion-enrichment-haleu-fuel-fabrication/index.html", "title": "Conversion, Enrichment, HALEU, And Fuel Fabrication", "as_of": "2026-06-12", "generated_at": "2026-06-13T00:00:00-07:00", "node": { "slug": "conversion-enrichment-haleu-fuel-fabrication", "order": 3, "level": "L2 fuel-cycle bottleneck node", "role": "Converts uranium feedstock into usable reactor fuel through conversion, enrichment, HALEU supply, and fuel fabrication.", "description": "This node ranks public exposure to conversion, enrichment, HALEU, and fuel fabrication by direct node economics first, source-backed funding and contracts second, relative value drivers third, and technical timing last. LEU is the cleanest direct public enrichment and HALEU exposure, CCJ is the scaled conversion and fuel-services platform, BWXT is the fuel-adjacent nuclear manufacturing and fabrication route, ASPI is a speculative chartable tail, and Silex/GLE is an off-grid watch row because local market-data coverage is missing." }, "ticker_baskets": { "core": [ "LEU", "CCJ", "BWXT" ], "option": [], "watch": [ "ASPI", "SILXY" ] }, "chart_artifacts": [ { "chart_id": "chart-leu", "ticker": "LEU", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "price_data_as_of": "2026-06-12", "visible_years": 3, "visible_start_date": "2023-06-13", "visible_end_date": "2026-06-12", "chart_api_route": "/api/securities/LEU/chart?frequency=weekly&window=3y&as_of=latest", "rendering": "report_api_right_rail", "fallback_table": true }, { "chart_id": "chart-ccj", "ticker": "CCJ", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "price_data_as_of": "2026-06-12", "visible_years": 3, "visible_start_date": "2023-06-13", "visible_end_date": "2026-06-12", "chart_api_route": "/api/securities/CCJ/chart?frequency=weekly&window=3y&as_of=latest", "rendering": "report_api_right_rail", "fallback_table": true }, { "chart_id": "chart-bwxt", "ticker": "BWXT", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "price_data_as_of": "2026-06-12", "visible_years": 3, "visible_start_date": "2023-06-13", "visible_end_date": "2026-06-12", "chart_api_route": "/api/securities/BWXT/chart?frequency=weekly&window=3y&as_of=latest", "rendering": "report_api_right_rail", "fallback_table": true }, { "chart_id": "chart-aspi", "ticker": "ASPI", "source_table": "daily_ohlc", "chart_interval": "weekly", "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed", "indicators": [ "20w_ema", "100w_ema", "weekly_volume", "20w_average_volume" ], "price_data_as_of": "2026-06-12", "visible_years": 3, "visible_start_date": "2023-06-13", "visible_end_date": "2026-06-12", "chart_api_route": "/api/securities/ASPI/chart?frequency=weekly&window=3y&as_of=latest", "rendering": "report_api_right_rail", "fallback_table": true, "source_gap": "ASPI has local market-data and provider filing coverage, but no maintained security lane in this checkout." } ], "off_grid_watch": [ { "ticker": "SILXY", "alternate_ticker": "SLX.AX", "company": "Silex Systems / Global Laser Enrichment", "reason": "Direct enrichment-technology tail through Silex's 51% GLE ownership, but local discovery coverage is missing and GLE remains pre-commercial.", "chart_status": "no_local_discovery_coverage" } ], "knowledge_sources": [ "../../../../../knowledge/wiki/concepts/themes/power-scarcity-and-grid-load.md", "../../../../../knowledge/wiki/concepts/risks/energy-inflation-policy-repricing.md", "../../../../../knowledge/wiki/lanes/sector/energy.md", "../../../../../knowledge/wiki/lanes/sector/industrials.md", "../../../../../knowledge/wiki/lanes/security/leu.md", "../../../../../knowledge/wiki/lanes/security/ccj.md", "../../../../../knowledge/wiki/lanes/security/bwxt.md" ], "external_sources": [ "https://www.energy.gov/ne/haleu-availability-program", "https://www.energy.gov/ne/haleu-enrichment-services", "https://www.energy.gov/articles/us-department-energy-awards-27-billion-restore-american-uranium-enrichment", "https://www.energy.gov/ne/us-department-energy-haleu-allocation-process", "https://www.eia.gov/uranium/marketing/", "https://www.congress.gov/bill/118th-congress/house-bill/1042", "https://www.nrc.gov/materials/fuel-cycle-fac/stages-fuel-cycle", "https://www.nrc.gov/materials/fuel-cycle-fac/ur-conversion", "https://www.nrc.gov/materials/fuel-cycle-fac/ur-enrichment", "https://www.nrc.gov/materials/fuel-cycle-fac/fuel-fab", "https://investors.centrusenergy.com/news-releases/news-release-details/centrus-reports-first-quarter-2026-results", "https://investors.centrusenergy.com/node/20546/pdf", "https://investors.centrusenergy.com/news-releases/news-release-details/centrus-energy-secures-contract-extension-department-energy", "https://www.cameco.com/invest/financial-information/quarterly-reports/2026/q1", "https://www.cameco.com/sites/default/files/documents/2026%20Q1%20News%20Release.pdf", "https://www.cameco.com/sites/default/files/documents/cameco-2025-annual-report.pdf", "https://investors.bwxt.com/news-releases/news-release-details/bwx-technologies-reports-first-quarter-2026-results/", "https://investors.bwxt.com/news-releases/news-release-details/bwxt-bolsters-american-nuclear-manufacturing-capability", "https://investors.bwxt.com/news-releases/news-release-details/bwxt-announces-14-billion-contracts-naval-nuclear-propulsion/", "https://www.kairospower.com/updates/kairos-power-and-bwxt-to-collaborate-on-commercial-triso-manufacturing", "https://www.sec.gov/Archives/edgar/data/1921865/0001193125-26-237916.txt", "https://regulations.justia.com/regulations/fedreg/2026/03/06/2026-04474.html", "https://api.nasdaq.com/api/analyst/LEU/earnings-date", "https://api.nasdaq.com/api/analyst/CCJ/earnings-date", "https://api.nasdaq.com/api/analyst/BWXT/earnings-date", "https://api.nasdaq.com/api/analyst/ASPI/earnings-date", "https://data.sec.gov/api/xbrl/companyfacts/CIK0001921865.json" ], "earnings_date_sources": [ { "ticker": "LEU", "source": "Nasdaq API / Zacks Investment Research estimate", "checked_on": "2026-06-13", "date": "2026-08-04", "status": "estimated" }, { "ticker": "CCJ", "source": "Nasdaq API / Zacks Investment Research estimate", "checked_on": "2026-06-13", "date": "2026-07-30", "status": "estimated" }, { "ticker": "BWXT", "source": "Nasdaq API / Zacks Investment Research estimate", "checked_on": "2026-06-13", "date": "2026-08-03", "status": "estimated" }, { "ticker": "ASPI", "source": "Nasdaq API / Zacks Investment Research estimate", "checked_on": "2026-06-13", "date": null, "status": "not_confirmed", "limitation": "Nasdaq/Zacks did not provide an upcoming earnings report date." }, { "ticker": "SILXY", "source": "No local route checked", "checked_on": "2026-06-13", "date": null, "status": "not_confirmed", "limitation": "SILXY / SLX.AX has no local discovery coverage in this checkout." } ], "latest_quarter_revenue_sources": [ { "ticker": "LEU", "period": "Q1 2026, three months ended 2026-03-31", "revenue": "$76.7M", "source": "Centrus Q1 2026 results release" }, { "ticker": "CCJ", "period": "Q1 2026, three months ended 2026-03-31", "revenue": "C$845M", "source": "Cameco Q1 2026 release" }, { "ticker": "BWXT", "period": "Q1 2026, three months ended 2026-03-31", "revenue": "$860.2M", "source": "BWXT Q1 2026 results release" }, { "ticker": "ASPI", "period": "Q1 2026, three months ended 2026-03-31", "revenue": "$4.18M", "source": "SEC companyfacts, filed 2026-05-20" }, { "ticker": "SILXY", "period": null, "revenue": "Not local", "source": "No local discovery or knowledge route", "limitation": "Quarterly revenue was intentionally left unavailable until a maintained route is added." } ], "discovery_sources": [ { "kind": "duckdb_readonly_query", "label": "Conversion, Enrichment, HALEU, And Fuel Fabrication weekly OHLC and EMA chart inputs", "query_ref": "discovery:duckdb:daily_ohlc_weekly_aggregation_20w_100w_ema:conversion-enrichment-haleu-fuel-fabrication:2026-06-12" }, { "kind": "status", "label": "Selected local ticker coverage", "query_ref": "discovery:status:LEU|CCJ|BWXT|ASPI|LTBR|UUUU" }, { "kind": "lineage-status", "label": "Representative daily_ohlc lineage checks", "query_ref": "discovery:lineage-status:daily_ohlc:LEU|CCJ|BWXT|ASPI" }, { "kind": "duckdb_readonly_query", "label": "ASPI latest local filing metadata and SEC companyfacts revenue check", "query_ref": "discovery:duckdb:filing_metadata:ASPI:2026-06-13; sec-companyfacts:CIK0001921865:2026-06-13" }, { "kind": "report-api", "label": "Selected-security right-rail charts", "query_ref": "report-api:/api/securities/{ticker}/chart?frequency=weekly&window=3y&as_of=latest" } ], "links_out": [ "theme_nuclear_power", "theme_power_scarcity_and_grid_load", "risk_energy_inflation_policy_repricing", "sector_energy", "sector_industrials", "security_leu", "security_ccj", "security_bwxt" ], "freshness": { "price_data_as_of": "2026-06-12", "daily_ohlc_latest": "2026-06-12", "completed_weekly_setup_as_of": "2026-06-12", "chart_interval": "weekly", "knowledge_reviewed_as_of": "2026-06-13", "web_research_as_of": "2026-06-13", "report_api_status": "started_but_loopback_http_blocked_or_unreachable_in_sandbox", "limitations": [ "ASPI has local market-data and provider filing coverage but no maintained security lane in this checkout.", "SILXY / SLX.AX has no local discovery coverage, so it is not charted.", "During review, python -m api.run started uvicorn on 127.0.0.1:8765, but sandboxed loopback HTTP requests were blocked or could not connect; static API wiring was verified instead.", "Nasdaq/Zacks earnings-date sources are estimates for LEU, CCJ, and BWXT, and no date was provided for ASPI.", "Silex/GLE market cap, quarterly revenue, earnings date, and chart status remain unavailable locally.", "Private or non-public fuel-cycle suppliers such as General Matter, Orano, Urenco, Framatome, Westinghouse, and TRISO-X are source-trail context rather than public basket rows.", "Per-ticker daily_ohlc lineage returned May 2026 backfills in prior checks, while grouped daily market updates extend local rows through 2026-06-12." ] }, "revision": { "version": 2, "updated_label": "Reformatted node page to visual setup, ranked basket cards, evidence board, and updated earnings/revenue sourcing", "metadata_path": "themes/nuclear-power/nodes/conversion-enrichment-haleu-fuel-fabrication/report.json", "curation_source": "Manual worker pass using reports-value-chain-node-pages, read-only discovery, knowledge lanes, Nasdaq/Zacks earnings estimates, SEC companyfacts, and official company releases" } }