Peabody Stock: When EU Greens Advocate For More Coal Use (NYSE:BTU)
Philip Rozenski/iStock Editorial via Getty Images Investment thesis Contrary to expectations, the current coal price rally is shaping up to be more...
Philip Rozenski/iStock Editorial via Getty Images Investment thesis Contrary to expectations, the current coal price rally is shaping up to be more than just a dead cat bounce, and with it so is the recent positive stock performance of Peabody Energy (NYSE:BTU). There is still some ways to go on its financial performance, with the latest quarterly report not fully reflecting the positive coal price environment. Looking at full-year 2021 returns, however, it does seem like Peabody is turning a corner and prospects are looking increasingly good, as the global coal market looks more and more favorable.