Reported 1 day ago
Peabody Energy Corp. (NYSE:BTU) shares surged nearly 10% to $19.13 following positive projections for the coal industry, with a potential increase in coal consumption of up to 57% due to rising electricity demand in the US. Despite experiencing a net loss of $27.6 million in Q2 and a 14% decline in revenue year-over-year, the company is poised to benefit as the demand for thermal and metallurgical coal remains strong.
Source: YAHOO