Feared Activist Investor Paul Singer’s Top 5 Stocks for 2022

3. Peabody Energy Corporation (NYSE:BTU)

Value of Elliott Management‘s 13F Position: $634 million

Number of Hedge Fund Shareholders (as of March 31): 27

Peabody Energy Corporation (NYSE:BTU) is a long-term holding of Paul Singer’s, dating back to the first half of 2017. In the first quarter of 2022, the activist investor left his position in the coal miner unchanged, owning 25.9 million shares, by far the most of any of the hedge funds that are tracked by our database.

One of the 5 Best Coal Stocks To Invest In, Peabody Energy Corporation (NYSE:BTU) is benefiting from rapidly rising coal prices, which have more than tripled over the past year. Coal prices are anticipated to rise by another 25% or so by the end of the year, fueled by the growing global demand for power.

Peabody Energy Corporation (NYSE:BTU)’s coal revenue grew by 58% year-over-year in its latest quarter and could rise even higher in its next quarterly earnings report. While coal certainly isn’t a great long-term bet, there is short-term potential for further run so long as cleaner sources of energy aren’t capable of meeting the world’s power needs.