The loan documentation is subject to final due diligence, satisfaction of customary loan conditions, and is progressing. Closing is expected to occur in May, 2025 Calgary, Alberta--(Newsfile Corp. - April 28, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") announces that it has secured a $USD 6.2 million debt financing and has executed a financing agreement with Global Green Asset Finance Ltd. ("GGAF") for project financing of up to $USD 6.2 million in non-revolving senior se ...

Core Viewpoint - Nucor Corporation has announced the promotion of Thomas J. Batterbee to Executive Vice President of Human Resources and Talent, and the appointment of Elizabeth Bledsoe as President of Human Resources and Talent, effective May 11, 2025, to enhance its talent development and human resources strategy [1]. Group 1: Leadership Changes - Thomas J. Batterbee has been with Nucor since 1989, holding various leadership positions, including General Manager roles and most recently President of the Vulcraft/Verco Group since 2023 [2]. - Elizabeth Bledsoe previously served as Senior Vice President of Human Resources and Chief People Officer at MSC Industrial Direct Co., Inc., and has extensive experience in human resources from her time at Ingersoll-Rand plc [3]. Group 2: Executive Insights - Leon Topalian, Nucor's Chair, President, and CEO, praised Mr. Batterbee's leadership and experience, emphasizing his passion for teammates and suitability for the new role [4]. - Mr. Topalian also highlighted Ms. Bledsoe's wealth of experience in human resources and talent development, indicating that their combined expertise will strengthen Nucor's culture and support ongoing initiatives for growth and retention of employees [4]. Group 3: Company Overview - Nucor Corporation is a leading manufacturer of steel and steel products, with operations in the United States, Canada, and Mexico, producing a wide range of steel products and also engaging in metal brokering and recycling [5].

Core Viewpoint - Nucor Corporation is expected to report first-quarter 2025 results on April 28, with weaker selling prices likely impacting performance [1][8]. Financial Performance - Nucor has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 27.2% [1]. - The company posted a significant earnings surprise of 90.6% in the last reported quarter [1]. - The consensus estimate for first-quarter adjusted earnings is between 50 cents and 60 cents per share, with a Zacks Consensus Estimate of 68 cents [4][5]. Revenue Expectations - The Zacks Consensus Estimate for first-quarter consolidated revenues is $7,215.4 million, reflecting an 11.3% year-over-year decline [7]. - The average sales price per ton for the steel mills unit is estimated at $923, indicating a 16.7% year-over-year decrease, while the steel products segment is pegged at $2,204 per ton, showing a 15.5% year-over-year decline [11]. Market Conditions - U.S. steel prices have seen a sharp decline, with benchmark hot-rolled coil (HRC) prices dropping over 40% last year, closing near $700 per short ton [9]. - Recent price hikes and tariffs have increased HRC prices to above $900 per short ton, but these benefits are not expected to reflect in first-quarter performance due to weak demand [10]. Earnings Prediction - The Earnings ESP for Nucor is +6.17%, indicating a potential earnings beat [4]. - Nucor currently holds a Zacks Rank 2 (Buy) [5].

Core Viewpoint - Nucor (NUE) is expected to report quarterly earnings of $0.68 per share, reflecting an 80.4% decline year over year, with revenues projected at $7.22 billion, a decrease of 11.3% compared to the previous year [1] Earnings Projections - Analysts have revised the consensus EPS estimate upward by 2.9% over the past 30 days, indicating a collective reassessment of initial projections [1][2] Revenue Estimates - The forecast for 'Net sales to external customers- Steel products' is $2.27 billion, down 9.7% year over year [4] - 'Net sales to external customers- Steel mills' is estimated at $4.45 billion, reflecting a 13.9% decrease from the same quarter last year [4] Sales Metrics - 'Net sales to external customers- Raw materials' is projected to reach $488.50 million, showing an 8.2% increase year over year [5] - The total sales tons to outside customers (Steel) from Steel Mills is estimated at 4,751.93 KTon, compared to 4,676 KTon reported in the same quarter last year [5] Price Projections - The 'Average Steel Product Price per ton' is expected to be $2,338.66, down from $2,608 per ton a year ago [6] - The 'Average sales price per ton (Steel) - Total Steel Mills' is projected at $924.59, compared to $1,108 per ton in the same quarter last year [7] Product-Specific Sales Estimates - 'Sales in Tons Outside Customers - Tubular products' is expected to be 219.70 KTon, up from 208 KTon year over year [7] - 'Sales in Tons Outside Customers - Other steel products' is projected at 217.62 KTon, compared to 142 KTon last year [8] - 'Sales Tons to outside customer (Steel) - Bars' is estimated to reach 1,433.08 KTon, compared to 1,344 KTon in the previous year [8] - 'Sales Tons to outside customer (Steel) - Structural' is projected at 436.78 KTon, slightly up from 431 KTon last year [9] - 'Sales Tons to outside customer (Steel) - Plate' is expected to be 454.26 KTon, compared to 384 KTon year over year [9] Stock Performance - Nucor shares have declined by 14.1% over the past month, contrasting with a 6.6% decline in the Zacks S&P 500 composite [11]

Core Insights - Nucor (NUE) is positioned to continue its earnings-beat streak, having achieved an average surprise of 48.53% over the last two quarters [1][4]. Earnings Performance - In the last reported quarter, Nucor's earnings were $1.22 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, resulting in a surprise of 90.63% [2]. - For the previous quarter, Nucor was expected to post earnings of $1.40 per share but delivered $1.49 per share, achieving a surprise of 6.43% [2]. Earnings Estimates and Predictions - Nucor's earnings estimates have been trending higher, supported by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +6.17%, indicating a bullish outlook from analysts regarding its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong possibility of another earnings beat in the upcoming report [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].

Industry Overview - The Zacks Steel Producers industry is positioned to benefit from rising steel prices, supported by a resilient non-residential construction market and strong automotive demand [1][2] - The industry serves various end-use sectors, including automotive, construction, and industrial machinery, with steel being a critical component [3] Current Market Dynamics - U.S. steel prices have increased due to tightened supply from tariffs on imports and higher demand, with benchmark hot-rolled coil prices rising from around $700 per short ton to above $900 per short ton [4] - The automotive market is expected to rebound, driven by the adoption of electric vehicles and government incentives, while non-residential construction remains strong due to infrastructure projects [5] Challenges - A slowdown in China's economy has negatively impacted steel demand, particularly in the real estate sector, which accounts for approximately 40% of China's steel consumption [6] Industry Performance - The Zacks Steel Producers industry has underperformed compared to the S&P 500 and the broader Zacks Basic Materials sector, with a decline of 45.5% over the past year [10] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 8.04X, below the S&P 500's 15.56X and the sector's 11.52X, indicating potential undervaluation [13] Key Players - **Nucor Corporation**: Expected to benefit from the non-residential construction market and automotive sector, with a focus on production capacity and shareholder returns [18][19] - **Steel Dynamics, Inc.**: Experiencing strong order activity and expanding capacity through new projects, including a state-of-the-art electric arc furnace [20][21] - **United States Steel Corporation**: Focused on operational efficiency and expanding its mini mill segment, with positive customer feedback on new product quality [24][26]

Group 1 - Nu E Power Corp. has settled outstanding indebtedness totaling $275,000 through the issuance of 833,333 common shares to creditors at prices of $0.30 and $0.40 per share [1] - The debt settlement transaction was completed on April 10, 2025, and the shares issued are subject to a hold period of four months and one day [2] - Nu E Power Corp. focuses on developing, constructing, and operating clean and renewable energy infrastructure across North America, with a goal of developing up to 2GW of renewable energy projects in Canada by 2030 [3]

Core Insights - Nucor Corporation will host a live conference call to discuss its first quarter earnings for 2025 on April 29, 2025, at 10:00 a.m. Eastern Time [1][3] - The conference call will be led by Leon Topalian, Nucor's Chair, President, and CEO, and will include a review of the company's financial results followed by a Q&A session [1] Company Overview - Nucor and its affiliates are engaged in the manufacturing of steel and steel products, with operations in the United States, Canada, and Mexico [2] - The company produces a wide range of products including carbon and alloy steel in various forms such as bars, beams, sheets, and plates, as well as structural tubing and fabricated concrete reinforcing steel [2] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Nucor (NUE) as a strong candidate for value investors due to its favorable valuation metrics and earnings outlook [2][6]. Company Analysis - Nucor (NUE) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is a high-quality value stock [3]. - NUE's price-to-book (P/B) ratio is 1.18, which is attractive compared to the industry average of 1.41. Over the past 52 weeks, NUE's P/B has fluctuated between 1.11 and 2.21, with a median of 1.61 [4]. - The price-to-cash flow (P/CF) ratio for NUE is 7.58, significantly lower than the industry average of 12.43. In the past year, NUE's P/CF has ranged from 6.78 to 10.36, with a median of 8.28 [5]. Investment Opportunity - The metrics indicate that Nucor is likely undervalued at present, making it an attractive option for value investors [6].

Acquisition Details - Nu E Power Corp. has entered into a binding share purchase agreement to acquire 100% of Blu Dot Systems Inc. in an all-share deal [1][2] - The acquisition involves the issuance of 8,500,000 Nu E Shares and is expected to close around April 30, 2025, pending approval from the Canadian Securities Exchange [2] - The principal shareholder of Blu Dot, who owns 44.9% of the company, will receive 6.51 Nu E Shares for each Blu Dot Share, while other shareholders will receive 7.04 Nu E Shares for each Blu Dot Share [9] About Blu Dot - Blu Dot operates in the electrical switchgear industry, which has a global market size of US$ 92.3 billion, growing at a rate of 6.7% annually, projected to reach US$ 155.3 billion by 2031 [3][6] - The growth is driven by expansions in data centers, renewable energy infrastructure, and electrification [3] Governance and Related Party Transaction - The acquisition is classified as a "related party transaction" under Multilateral Instrument 61-101, as a director and officer of Nu E is also associated with Blu Dot [4] - The related party owns 561,276 Blu Dot Shares and is expected to receive 3,651,383 Nu E Shares as part of the acquisition [4] Regulatory Compliance - MI 61-101 requires majority approval from disinterested shareholders and a formal valuation for related party transactions, but this acquisition is expected to be exempt from these requirements [5]