Steel Dynamics (STLD) has gained noteworthy attention from the financial world. Despite a general uptick in the market, the stock has experienced some volatility. Various financial entities, including Stifel Financial Corp and Rockefeller Capital Management L.P., have reduced their holdings in STLD, while others, such as B of A Securities, have taken a more bullish stance. This shift follows the company's 3rd Quarter 2024 Earnings Guidance and subsequent results which exceeded expectations. Despite this potential growth, some market participants remain wary with Goldman Sachs initiating a neutral coverage of the stock, resulting in various debates on its future growth potential, particularly considering its recently announced Science-Based Greenhouse Gas Targets. A critical point to note is that 83% of the company's shares are owned by institutional owners. The company's increased use of green power, a key aspect of sustainability, has been recognized. There is some anticipation for the Q3 2024 earnings amidst pricing challenges faced by the company. Analysts remain split on whether the stock is bearish or bullish.
Steel Dynamics STLD News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 19:06:31 GMT -
Rating -1
- Innovation -7
- Information 7
- Rumor -5
