Why These Energy Stocks are Gaining This Week

8. Peabody Energy Corporation (NYSE:BTU

Share Price Gains Between June 26 – July 3: 13.19%

Peabody Energy Corporation (NYSE:BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel.

Peabody Energy Corporation (NYSE:BTU) soared after the American coal sector received a boost this week following the passage of President Trump’s sweeping tax and spending bill,  which mandates at least 4 million additional acres of federal land be made available for mining. Moreover, the legislation allows producers of metallurgical coal, like Peabody, to claim an advanced manufacturing production tax credit available for critical minerals.

In addition, the ‘Big Beautiful Bill’ has also reduced the royalties that coal companies must pay the government for mining on public lands.