NU E Power Receives Approval to Construct 157 MWac Lethbridge Two and Three Solar FacilitiesFebruary 10, 2025 9:00 AM EST | Source: Nu E Corp.Calgary, Alberta--(Newsfile Corp. - February 10, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "NUE") is pleased to announce the approval by the Alberta Utilities Commission, to construct a combined 157MWac/188MWdc solar facility in the County of Lethbridge. The approval was granted to Lethbridge Two Solar Corp and Lethbridge Th ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this NUE commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Iron & steel stock Nucor Corp (NYSE:NUE) recently climbed from multi-year lows but stalled at the descending 50-day moving average, which could act as a short-term ceiling. This trendline also coincides wi ...

NU E Power Announces Closing of Second Tranche of Private PlacementJanuary 31, 2025 9:00 AM EST | Source: Nu E Corp.Calgary, Alberta--(Newsfile Corp. - January 31, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company") is pleased to announce the closing of the second tranche of the non-brokered private placement.CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENTThe Company is pleased to announce it has closed the second tranche of its non-brokered private placement offering of 866,6 ...

Shares of Nucor (NYSE: NUE ) have been a poor performer over the past year as slow global growth has weighed on steel pricing, leading shares to lose 28%. Investors did get some relief this week with better-than-feared Q4 results sendingOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! ...

Core Insights - Nu E Power Corp. has commenced commercial production at its Lethbridge One Solar farm, marking a significant milestone in its renewable energy initiatives [2][3] - The Lethbridge One Solar farm has a capacity of 8.75 Mwac and is projected to generate 15,841 Mwh annually, along with carbon offsets of 8,237 tonnes per year [2][4] - The project was developed in partnership with Low Carbon Canada Solar Limited, with Nu E Power retaining a 25% interest [2][5] Project Details - The solar farm was constructed at a total cost of $19 million, utilizing significant local content and achieving zero lost time incidents over 38,000 direct man-hours [4] - The joint venture with Low Carbon includes a development portfolio of approximately 457 Mwac solar projects in southern Alberta, with 157 Mwac already approved for construction [3][4] Company Overview - Nu E Power Corp. focuses on developing, constructing, and operating clean and renewable energy infrastructure across North America [5] - The company aims to develop up to 2GW of renewable energy projects in Canada by 2030, facilitated by a partnership with Low Carbon Canada Solar Limited [5]

Core Insights - Nucor Corp reported fourth-quarter revenue of $7.08 billion, exceeding analyst estimates of $6.76 billion, and earnings of $1.22 per share, surpassing expectations of 65 cents per share [1] - The CEO of Nucor indicated that while steel demand softened in 2024, market conditions are improving and expected to gain momentum into 2025, positioning Nucor favorably to meet steel-intensive megatrends in the U.S. economy [2] - Nucor anticipates first-quarter earnings in the steel mills and steel products segments to be similar to the first quarter of 2024, while earnings in the raw materials segment are expected to decline [3] Analyst Opinions - Jefferies analyst Christopher LeFemina maintained a Hold rating on Nucor and raised the price target from $125 to $135 [4] - JP Morgan analyst Bill Peterson maintained an Overweight rating on Nucor but lowered the price target from $152 to $150 [4] Stock Performance - Following the earnings announcement, Nucor shares increased by 3.8%, closing at $126.55 [3]

Group 1 - Nucor CEO Leon Topalian expressed optimism about President Trump's tariff policies, believing they will significantly impact the U.S. steel industry by addressing illegal dumping and currency manipulation [1] - The 25% tariff on steel imports imposed during Trump's first term aimed to curb dumping, which has created an unbalanced playing field for the U.S. steel industry [1] - Topalian indicated that Nucor is open to competition but emphasized that dumping has harmed the industry for decades [1] Group 2 - Nucor previously considered acquiring assets from U.S. Steel but refrained due to valuation concerns, stating they will not overpay for assets [2] - Topalian criticized U.S. Steel's leadership for failing to recognize technological innovations and emerging competitors, describing the company as "a shell of itself" [2] - Nucor's net earnings significantly surpass those of its competitors, suggesting a strong market position [2]

FOURTH QUARTER AND YEAR-END 2024 EARNINGS CALL LEON TOPALIAN Chair, President and CEO STEVE LAXTON Executive Vice President and CFO January 28, 2025 FORWARD-LOOKING STATEMENTS Certain statements made in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The words "anticipate," "believe," "expect," "intend," "may," "project," "will," "should," "could" and similar expressions ...

Core Viewpoint - Nucor Corporation reported a significant decline in earnings for the fourth quarter of 2024, primarily due to lower prices and volumes in its steel segments, despite exceeding consensus estimates for both earnings and net sales [1][2][6]. Financial Performance - Earnings per share for Q4 2024 were $1.22, down from $3.16 in the same quarter last year, but above the Zacks Consensus Estimate of 64 cents [1]. - Net sales for Q4 2024 were $7,076 million, a decrease of approximately 8.2% year over year, yet surpassing the Zacks Consensus Estimate of $6,598 million [2]. - For the full year 2024, Nucor reported net earnings of $2.03 billion or $8.46 per share, compared to $4.52 billion or $18 per share in 2023 [6]. Operational Metrics - Total sales tons to outside customers for steel mills in Q4 2024 were 4,580,000 tons, an increase of 4% year over year, exceeding the estimate of 4,202,000 tons [3]. - The overall operating rate for steel mills was 74% in Q4 2024, consistent with Q4 2023 and slightly down from 75% in Q3 2024 [3]. Segment Performance - Earnings from the steel mills unit fell 71% year over year due to lower average selling prices and volumes [4]. - The steel products segment saw a 49.8% decline in earnings year over year, attributed to lower volumes and average selling prices [4]. - The raw materials segment reported earnings of $57 million, a recovery from a loss of $14 million a year ago [4]. Financial Position - At the end of Q4 2024, Nucor had cash and cash equivalents and short-term investments totaling $4.14 billion, with an undrawn revolving credit facility of $1.75 billion set to expire in November 2026 [5]. Future Outlook - The company anticipates that earnings in the steel mills and steel products segments for Q1 2025 will be comparable to Q4 2024, while earnings in the raw materials segment are expected to decline [7]. - Increased corporate, administrative, and tax impacts are projected for Q1 2025, which may lead to lower net earnings overall [7]. Stock Performance - Nucor's shares have decreased by 31% over the past year, compared to a 24.4% decline in the industry [8].

Core Viewpoint - Nucor (NUE) reported quarterly earnings of $1.22 per share, significantly exceeding the Zacks Consensus Estimate of $0.64 per share, but down from $3.16 per share a year ago, indicating a 90.63% earnings surprise [1][2] Financial Performance - Nucor's revenues for the quarter ended December 2024 were $7.08 billion, surpassing the Zacks Consensus Estimate by 7.24%, although this represents a decline from $7.7 billion in the same quarter last year [2] - Over the last four quarters, Nucor has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Nucor shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 3.7% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $1.06 for the upcoming quarter and $7.76 for the current fiscal year [4][7] - The Zacks Rank for Nucor is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Steel - Producers industry, to which Nucor belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another competitor in the industry, United States Steel (X), is expected to report a quarterly loss of $0.15 per share, reflecting a significant year-over-year decline of 122.4% [9]