Why These Energy Stocks are Gaining This Week

6. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Share Price Gains Between Sep 25 – Oct 2: 6.14%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a diversified energy company with significant operations in producing and marketing coal to major American utilities and industrial users.

The American coal sector received a massive boost this week after the White House announced that it would open 13 million acres of federal lands for coal mining and provide $625 million to expand power generation from coal. Moreover, the EPA would ease regulations on water and air pollution to help extend the lifetimes of coal power plants. The strategic move is a part of the Trump administration’s efforts to reverse the years-long decline in the American coal sector and expand power generation from the fuel.