Why These Energy Stocks are Gaining This Week

2. Peabody Energy Corporation (NYSE:BTU

Share Price Gains Between Sep 25 – Oct 2: 19.44%

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 Trump administration revealed plans to open 13 million acres of federal lands for coal mining and provide $625 million to expand power generation from coal, as part of the government’s efforts to help revive the industry.  Moreover, the Environmental Protection Agency would ease regulations on water and air pollution to help extend the lifetimes of coal power plants.

Peabody Energy Corporation (NYSE:BTU) made the following statement regarding the development:

“We applaud President Trump for the bold actions taken today to restore balance to U.S. energy policy and reaffirm coal’s vital role in keeping the lights on.”