Steel Dynamics (STLD) has been fluctuating in accordance with stock market trends. Despite some profitable years and recognition for its increased use of
green power and
sustainability efforts, financial analysis still warns of potential risks, with relatively
little room for excitement and allegations of too much debt. Yet, stakeholders remain hopeful.
Nordea Investment Management AB increased its shares and BNP Paribas upgraded Steel Dynamics to an 'outperform' rating. In an interesting turn of events, despite shares declining by
10.36% YTD and inability of Jim Cramer to endorse it,
Steel Dynamics has not only met, but surpassed earnings and revenue estimates. Institutional owners
dominate 83% of ownership, while
Wabash's new deal to source steel components from Steel Dynamics provides further opportunity. However, looking ahead, it warns of a
51% drop in Q4 earnings expected, and despite solid business, has given a weak Q4 outlook. The overall market standing, seemingly solid financials and an uptrend in the stock remain essential highlights to note.
Steel Dynamics STLD News Analytics from Tue, 02 Jul 2024 07:00:00 GMT to Fri, 10 Jan 2025 20:45:17 GMT -
Rating 3
- Innovation 0
- Information 6
- Rumor -2
