5 Best Coal Stocks to Invest In According to Hedge Funds

3. Warrior Met Coal, Inc. (NYSE:HCC)

Number of Hedge Fund Holders: 40

Hedge funds held $624 million worth of positions in the stock as of Q1 2026, placing Warrior Met Coal, Inc. (NYSE:HCC) among the best coal stocks to invest in.

Warrior Met Coal, Inc. (NYSE:HCC) reached an all-time high of $110.39 on June 2, 2026, closing the session at $110.28, a move that builds on a gain of over 20% year-to-date and more than 120% over the past year.

The stock’s run has come despite a cautious near-term read from UBS, which in early May lowered its price target on Warrior Met Coal, Inc. (NYSE:HCC) to $102 from $104 while maintaining a “Buy” rating.

The firm noted that Warrior Met Coal, Inc. (NYSE:HCC)’s first-quarter 2026 results missed consensus on both EBITDA and earnings per share, with sales of 3.00 million short tons of steelmaking coal and a net selling price of $149 per short ton, each coming in more than 5% below expectations. Inventory built meaningfully during the quarter, with production exceeding sales by approximately 500,000 short tons and total inventory rising to a record 1.9 million short tons.

UBS said it had already flagged softness heading into the quarter, pointing to a quarter-over-quarter decline at McDuffie port in its Evidence Lab data, where Warrior Met Coal, Inc. (NYSE:HCC) holds roughly 60% exposure. The firm said more tons hitting an increasingly oversupplied market raises the risk of wider high-vol A discounts for Warrior and peers.

On the cost side, however, unit costs of $96 per short ton came in better than expected, supported by the 45X production credit and continued operational discipline. UBS noted that the earnings trajectory improves materially as Blue Creek capital expenditures roll off, with the firm describing the expected inflection in the second quarter of 2026 as attractive.

Warrior Met Coal, Inc. (NYSE:HCC) produces and exports non-thermal steelmaking coal used in steel production across Europe, South America, and Asia.