Why These Energy Stocks are Gaining This Week

8. Peabody Energy Corporation (NYSE:BTU

Share Price Gains Between July 15 – July 22: 16.53%

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) was among the coal stocks that gained this week after the Chinese government warned that it may shutter coal mines guilty of producing above permitted levels, as part of a crackdown on overmining. According to a report by Bloomberg, China’s National Energy Administration is carrying out monthlong inspections in eight provinces and regions, including the biggest coal hubs, as part of a crackdown on overmining that it says has distorted the market.

The American coal sector also received a boost last month following the passage of President Trump’s ‘Big, Beautiful 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 Energy Corporation (NYSE:BTU), to claim an advanced manufacturing production tax credit available for critical minerals.