Why These Energy Stocks Are Gaining This Week

5. Hallador Energy Company (NASDAQ:HNRG)

Share Price Gains Between May 14 – May 21: 5.04%

With its roots in oil and gas exploration, Hallador Energy Company (NASDAQ:HNRG) has evolved to concentrate on coal development and transportation delivery.

Hallador Energy Company (NASDAQ:HNRG) received a boost this week after Northland Capital Markets began coverage of the stock, assigning the stock an Outperform rating and setting a price target of $23. Northland analyst Jeff Grampp highlighted Hallador’s status as a vertically integrated independent power producer, noting its acquisition of a 1 GW power plant in 2022. He also believes that a significant growth driver for the company could be its ongoing negotiations to secure a long-term contract with a data center for the majority of its capacity. Moreover, Hallador’s low-priced legacy power contracts are set to expire in 2025, which the analyst expects will provide a boost to the company’s financial performance starting next year.

It is also worth mentioning that Hallador Energy Company (NASDAQ:HNRG) posted better-than-expected results for its Q1 2025 last month. The company’s EPS of $0.23 beat estimates by a significant $0.39, while its revenue also surged by 7.4% YoY to $117.8 million, topping expectations by over $19 million.