Nucor Corporation (NUE) has experienced multiple price alterations recently - it fell by 24% over the year but then gained. Despite this, Jim Cramer still considers Nucor the ‘Gold Standard’. Concerns about Chinese steel and the industrial slowdown have been pinpointed for the company’s struggles, although Cramer suspects Nucor could be an interesting long-term investment. Nucor’s
earnings for Q4 2024 show a strategic effort to navigate challenges. Nucor aims to decrease its carbon footprint with targets set for 0.975 CO2e Per Ton by 2030, and achieving Net-Zero by 2050. The steel company has seen a significant decrease in short interest, and it's making strides in tower and structure expansion across the nation. A partnership with
Cleveland-Cliffs for a takeover bid is causing excitement, while a $200M investment sees job increases in Utah. The financial prospects and
dividends of the company remain attractive, despite shares slumping by 26%. However,
lower steel prices and higher expenses could weigh on their earnings. Nucor’s executives have been known to sell company stock in the past. Overall, institutional investors owning 79% of NUE are largely positive.
Nucor Corporation NUE News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:47:40 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor 1
