Gates-Backed Startup Hits Milestone, Races Ahead on Green Steel [BNN Bloomberg (Canada)]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: BNN Bloomberg
That's a major milestone for a technology that's only a few years old and promised a step-change in the race to produce steel without a massive carbon footprint. Steel is a crucial building material and accounts for 7% of global carbon-dioxide emissions each year—more than the impact of shipping and aviation combined. When Electra came out of stealth mode in 2022, the Colorado-based startup showcased a technology that pushed the boundaries of known electrochemistry. It soon found itself in a race to scale up and show it can produce green steel cheaply. “We have so much demand for this material,” said Sandeep Nijhawan, chief executive officer of Electra. The driver of the momentum is automakers, electrical-appliance brands, and equipment manufacturers willing to pay a premium price for emissions-free steel in a bid to meet their climate commitments. “Without customer demand, it's hard to get investors,” said Claire Curry, manager of BloombergNEF's technology, industry & innovation
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NUE
News
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- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 4/22/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- NUE's page on the SEC website