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Nucor posts strong Q3 growth, targets $355/share with expansion and tariffs boosting outlook through FY27

Market News
29 Oct 2026, 14:56 WIB
Seeking Alpha
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Bullish
Nucor posts strong Q3 growth, targets $355/share with expansion and tariffs boosting outlook through FY27

Nucor Corporation reported robust Q3 2026 results with 32% revenue growth and a 541 basis point increase in EBITDA margin, driven by new facility volumes and capacity expansions in structural and sheet steel. The company is positioned for continued growth through fiscal year 2027, supported by tariffs favoring domestic production and automotive-grade steel qualifications. Risks include potential tariff changes after the 2028 election and possible overcapacity if utility or data center investments decline, but the near-term outlook remains positive with margin-accretive growth expected.

As of Oct 29, 2026 19:13 WIB, Nucor Corporation (NUE) shares are trading at USD 273.32 on Pluang, showing a modest 0.56% gain in the last day. The stock's market capitalization stands at $61.66 billion, reflecting strong investor interest amid the company's expansion and tariff benefits. Pluang data also highlights a 100% buy order activity, indicating bullish sentiment among platform users.

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