Nucor Stock Soars 12.93% on Upgrade, Supply Chain Boost

On June 2, 2025, Nucor's stock surged by 12.93% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

BMO Capital Markets recently upgraded Nucor Corporation's stock rating from Market Perform to Outperform, reflecting a positive outlook on the company's growth prospects. The firm also raised its price target for Nucor to $145, up from $140, citing the company's successful execution of its multi-year organic growth strategy.

Nucor has been leveraging the recent upturn in the market to resume its external growth strategy. The company has also benefited from the major stress on supply chains, which has driven up commodity prices, further bolstering its financial performance.

Analysts have noted that Nucor is gaining market share from competitors, particularly in the steel industry. The company's successful ramp-up of utilization in the first quarter has positioned it favorably against rivals like CLF, which has seen market share losses.

Despite the current market sentiment, some analysts view Nucor as a potential buying opportunity. The company's status as a Dividend King, coupled with its strong fundamentals, makes it an attractive option for investors looking to capitalize on its growth potential.