5 Best Coal Stocks to Buy Now

In this article we discuss the 5 best coal stocks to buy now. If you want to read our detailed analysis of the coal industry, go directly to the 10 Best Coal Stocks to Buy Now.

5. Peabody Energy Corporation (NYSE: BTU)

Number of Hedge Fund Holders: 20
Market Cap: $503.296 million

Peabody Energy Corporation (NYSE: BTU) is a coal mining company that was founded in 1883 and is headquartered in St. Louis, Missouri. The company is involved in the mining, preparation, and sale of thermal coal in the US, Taiwan, Australia, Japan, India, China, Vietnam, and South Korea. As of 2020, it owned interests in 17 coal mining operations located in the United States and Australia. Peabody Energy Corporation (NYSE: BTU) announced a revenue of $737.2 million in the fourth quarter of 2020 while the adjusted EBITDA amounted to $103.2 million.

However, Peabody has faced severe losses amid coal price drop and lack of demand. The company, which emerged from bankruptcy in 2017, might be a good long-term play for those who are patient. However, in the short term, BTU is set to see a lot of volatility.

At the end of the fourth quarter of 2020, 20 hedge funds in the database of Insider Monkey held stakes worth $107 million in the firm. In the preceding quarter, 20 hedge funds were holding stakes worth only $99.9 million.