Riley Maintains ‘Buy’ Rating on Peabody Energy Corporation (BTU), Raises PT to $24

With significant hedge fund interest, Peabody Energy Corporation (NYSE:BTU) secures a spot on our list of the 11 Best Coal Stocks to Buy According to Hedge Funds.

Riley kept its ‘Buy’ rating on Peabody Energy Corporation (NYSE:BTU) after raising its price objective from $18 to $24 on September 9, 2025. Even after Peabody terminated its purchase agreements with Anglo American—a move that creates medium-term uncertainty—the company said the adjustment reflected higher profit potential on a standalone basis.

The company’s thermal coal sector is supported by domestic power demand and a more favorable regulatory environment, according to analysts, who still see upside potential in the stock. Peabody Energy Corporation (NYSE:BTU)’s diverse coal portfolio puts it in a position to seize short-term market opportunities despite recent transaction difficulties, especially as American utilities rely on stable baseload power supplies.

In both domestic and foreign markets, Peabody Energy Corporation (NYSE:BTU) mines and sells thermal and metallurgical coal to utilities, steel producers, and industrial clients. It is one of the Best Coal Stocks.

READ NEXT: 15 Stocks That Will Benefit From AI and 14 Best IT Stocks to Buy for the Long Term.

Disclosure: None.