Latest news with #PeabodyEnergy
Yahoo
24-07-2025
- Business
- Yahoo
Coal Isn't Dead--It's Setting Records Again
Global coal demand is on track to set another record in 2025despite a slowdown from China, its biggest consumer. That's the latest update from the International Energy Agency, which now expects this year's demand to also reach a new high. China's coal usage is projected to fall 0.5% in 2024, but that's more than offset by rising consumption elsewhere. In the U.S., where President Donald Trump has been vocal about backing fossil fuels, coal demand surged 12% in the first half of the year as electricity usage picked up. Europe is seeing similar trends, with weak wind output forcing utilities to fall back on more traditional power sources. India is also contributing to the upside, with coal demand forecasted to rise 1.3% this year. In total, the IEA estimates that global coal use climbed 1.5% in 2023 to a record 8.79 billion metric tonsup from its previous 8.77 billion-ton estimate. The agency noted that electricity demand globally is growing faster than new capacity from renewables like wind and solar, leaving coal to fill the gap. Even as governments push decarbonization goals, the shortfall in clean energy infrastructure is keeping the world's dirtiest fuel in play longer than many expected. The IEA now sees a possible inflection point in 2026but the outlook hinges heavily on China. If demand there stabilizes or picks up again, the forecast could shift. For investors, that opens the door to both risks and opportunities across the energy and utility space. Traditional players like Peabody Energy (BTU) could benefit in the short term, while the broader electrification storyincluding players like Tesla (NASDAQ:TSLA)still depends on how quickly renewable generation can catch up. In the meantime, the market is watching China's next moves. This article first appeared on GuruFocus.
CNBC
23-07-2025
- Business
- CNBC
The energy sector has been lagging, but Wolfe says this dividend payer is about to break out
The energy sector is lagging the S & P 500 this year, but Wolfe Research spotted a couple of stocks that could be poised to gain. Oil prices have been soft this year, with West Texas Intermediate crude futures off about 9% per barrel, and Brent crude futures down 8%. Supply of the commodity has remained plentiful, and eight members of the OPEC+ cartel agreed earlier this month to lift production by 548,000 barrels a day. Similarly, the performance of energy stocks has been lackluster, with the S & P 500 sector only up by about 1% in 2025 versus 8% for the broad market index. Nevertheless, there are some gems in the space, according to Rob Ginsberg, technical analyst at Wolfe. "The landscape of the sector remains in the favor of stock pickers with outperformers being few and far between," he wrote in a report Monday, highlighting a "compelling" name that's on the verge of breaking out. Peabody Energy St. Louis-based coal miner Peabody Energy turned up on Ginsberg's radar, showing "one of the most convincing charts within energy." Ginsberg said that the stock's 200-day moving average at $18 is the next level of resistance as momentum continues to build. BTU 3M mountain Peabody Energy in the past three months "We expect it to be tested in coming weeks, with a breakout through that level likely to follow," the chart watcher said. Peabody closed Tuesday at $17.34, and the stock pays a dividend yield of 1.7% — fatter than the S & P 500 yield of 1.18%. Though shares have had a rough year thus far, down 17% in 2025, Peabody has recently seen a resurgence. The stock has soared 42% in the past three months, and 28% in July alone. Peabody's hot streak coincides with President Donald Trump's moves to take a lighter approach toward environmental regulations and his administration's support for the coal industry to help power the growth of artificial intelligence . Earlier this month, the president granted two years of regulatory relief to coal plants, taconite iron ore processing facilities and some chemical manufacturers. Peabody shares are well liked on Wall Street, with most analysts covering the St. Louis-based coal producer rating it a buy or strong buy, according to LSEG. But Wall Street's consensus price target calls for just 2% upside from where the stock has recently traded. —CNBC's Michael Bloom contributed reporting
Yahoo
23-07-2025
- Business
- Yahoo
Peabody Energy (BTU) Jumps 9% on Coal Overmining Crackdown
We recently published . Peabody Energy Corporation (NYSE:BTU) is one of Tuesday's top performers. Peabody Energy grew its share prices for a second day on Tuesday, adding 8.99 percent to close at $17.34 apiece, as investors cheered the Chinese government's move to crack down on coal companies producing coal above permitted levels as part of its move to regulate the market. The effort forms part of a broader initiative to stabilize the coal market and reduce oversupply—a move that could unlock higher global coal prices. While Peabody Energy Corporation (NYSE:BTU) does not have direct mining operations in China, the supply tightening would help support in boosting demand for seaborne coal globally. A coal miner in a thick protective suit and helmet drilling for coal under bright lights. Peabody Energy Corporation (NYSE:BTU) is a US-based company that operates an extensive number of mining sites in Australia and the United States. In a note on its website, Peabody Energy Corporation (NYSE:BTU) said it is scheduled to announce the results of its earnings performance for the second quarter of the year next week, July 31. While we acknowledge the potential of BTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
14-07-2025
- Business
- Yahoo
Peabody Energy Extends Helensburgh Mine Lockout Amid Union Dispute Over Wages, Job Protection
Peabody Energy Corporation (NYSE:BTU) is one of the best low priced energy stocks to buy now. On June 26, Peabody Energy extended a lockout at its Helensburgh underground coal mine in New South Wales, Australia. This decision came after workers, members of Australia's Mining and Energy Union/MEU, staged a 1-hour protected industrial action demanding improved wages and job protection. Peabody notified MEU members on the night of June 25 that the lockout, which began on June 18 earlier, would continue until July 6. This means workers at the Metropolitan Mine (Helensburgh) were locked out without pay for ~3 weeks. A coal miner in a thick protective suit and helmet drilling for coal under bright lights. A Peabody spokesperson stated that the extension of their lawful action was to match the union's extended strike action notification period. However, the MEU has condemned this as a disproportionate response, urging the Federal Government to overhaul workplace laws that permit such employer actions against workers exercising their right to bargain. Peabody Energy Corporation (NYSE:BTU) engages in coal mining business. While we acknowledge the potential of BTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Effettua l'accesso per consultare il tuo portafoglio
Yahoo
05-07-2025
- Business
- Yahoo
Peabody Energy (BTU) Soars After Support From Tax and Spending Bill
The share price of Peabody Energy Corporation (NYSE:BTU) surged by 13.19% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week. A coal miner in a thick protective suit and helmet drilling for coal under bright lights. Peabody Energy Corporation (NYSE:BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Peabody Energy Corporation (NYSE:BTU) soared after the American coal sector received a boost this week following the passage of President Trump's sweeping tax and spending bill, which mandates at least 4 million additional acres of federal land be made available for mining. Moreover, the legislation allows producers of metallurgical coal, like Peabody, to claim an advanced manufacturing production tax credit available for critical minerals. In addition, the 'Big Beautiful Bill' has also reduced the royalties that coal companies must pay the government for mining on public lands. While we acknowledge the potential of BTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
