5 Stocks Gaining Ground on Thursday

4. Peabody Energy Corporation (NYSE:BTU) has increased by 8.9% as of 12:19 PM ET following a rise in coal prices due to higher demand by power stations during the summer months. Furthermore, the conflict between Russia and Ukraine has adversely impacted European coal power stations, which rely on coal from Russia. Coal prices are also rising as European countries are trying to scale back their usage of Russian natural gas and find suitable alternatives to lower their energy reliance on Russia. Overall, 28 hedge funds held a position in Peabody Energy Corporation (NYSE:BTU)  at the end of Q4 2021.