Peabody Energy (BTU) Climbs 7.9% on Coal Demand

Peabody Energy Corp. (NYSE:BTU) is one of the 10 Stocks Grabbing Investor Attention Today.

Peabody Energy saw its share prices jump by 7.91 percent on Tuesday to finish at $38.19 apiece, as investors gobbled up shares on expectations of strong coal demand from industries looking to minimize their exposure to the surging oil and gas prices.

Peabody Energy Corp. (NYSE:BTU) rallied alongside its counterparts, as oil and gas prices continue to spike up on supply restrictions from the ongoing US-Israeli war on Iran.

Photo from Peabody Energy’s website

Earlier this month, the stock earned a price target upgrade from UBS, albeit a mere 50-cent uptick from the $34 previously. The investment firm also maintained its neutral stance on its stock.

While originally a US-based company, Peabody Energy Corp. (NYSE:BTU) is a leading global producer and supplier of coal. It currently operates 17 mines globally.

Last year, Peabody Energy Corp. (NYSE:BTU) swung to a net loss attributable to shareholders of $52.9 million from a $370.9 million attributable net income in 2024. Revenues declined by 8.9 percent to $3.86 billion from $4.24 billion year-on-year.

For the fourth quarter, however, the company registered a $10.4 million net income attributable to shareholders, reversing a $70.1 million net loss in the same period a year earlier. Revenues, on the other hand, finished flat at $1 billion.

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