Nucor: Electrification And Data Center Megatrends Delivering Strong Performance
Nucor Corporation delivered a strong FY26 start, beating earnings on higher shipment volumes and improved pricing, supporting a reiterated Strong Buy rating. NUE is positioned to benefit from megatrends, including data center expansion and $1.4T in utility grid investments, driving sustained demand through the decade. Section 232 tariffs and new facility ramp-ups enhance NUE's domestic pricing power and growth prospects, despite potential input cost headwinds.