Gates-Backed Startup Hits Milestone, Races Ahead on Green Steel [Financial Post (Toronto, Ontario, Canada)]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bill Gates-backed startup Electra says it can now make emissions-free iron without melting ore on commercial-sized prototypes. 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. Article content Article content The driver of the momentum is automakers, electrical-applianc
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NUE
News
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- 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