5 Stocks to Watch on Friday

4. Peabody Energy Corporation (NYSE:BTU) is 2.3% in the green as of 10:43 AM ET after the news that the European Union has announced new restrictions that target coal imports from Russia as part of the fifth round of sanctions. This action was taken in retaliation to the conflict between Russia and Ukraine that started in late February. Germany is the biggest country in the EU, and its Chancellor Olaf Scholz has announced that it would take four months to completely transition from Russian coal.

As of Q4 2021, 28 hedge funds held a stake in Peabody Energy Corporation (NYSE:BTU). Elliott Management is the leading investor in Peabody Energy Corporation (NYSE:BTU), with a stake worth over $260 million.