5 Best Multi-Bagger Stocks to Buy Now

2. CONSOL Energy Inc. (NYSE:CEIX)

12-Month Returns as of August 2: 188.35%

CONSOL Energy Inc. (CEIX:NYSE) is a Pennsylvania-based energy company primarily focusing on coal. Most of the company’s coal is used for electricity generation. In Q1 2022, the company recorded a free cash flow of $119 billion and paid $39 million of it towards debt reduction. For FY2022, Wall Street analysts estimate an EBITDA of $740 million and $381 million in free cash flow. Furthermore, the company expects to sell 23 to 25 million tonnes of coal by the end of the year.

According to the Insider Monkey database, CONSOL Energy Inc. (CEIX:NYSE) was a part of 22 investment portfolios, compared to 15 in the previous quarter. In Q1, Greenlight Capital held the top position in the company with shares worth $55.49 million.

On May 5, B. Riley analyst Lucas Pipes reiterated a Buy rating on CONSOL Energy Inc. (CEIX)’s and raised his price target from $46 to $63. He also expects an expanding order book for 2023.