Why These Energy Stocks are Gaining This Week

6. Peabody Energy Corporation (NYSE:BTU

Share Price Gains Between Oct 31 – Nov 7: 10.83%

Next on our list of Energy Stocks that Gained the Most This Week is Peabody Energy Corporation (NYSE:BTU). This leading coal producer supplies essential products for the production of affordable and reliable energy and steel.

Peabody Energy Corporation (NYSE:BTU) announced better-than-expected results for its third quarter on October 30, with the company topping forecasts in both earnings and revenue on the back of robust seaborne thermal coal and Powder River Basin shipments. Moreover, Peabody signaled confidence with the announcement of a quarterly dividend of $0.075 per share to all shareholders as of the November 13 record date, payable on December 3, 2025.

Following the impressive results, Benchmark raised its price target on Peabody Energy Corporation (NYSE:BTU) from $23 to $32, while keeping a ‘Buy’ rating on its shares.

Moreover, Peabody Energy Corporation (NYSE:BTU) was among the coal stocks that received a boost when the U.S. Department of Energy announced in late October that it would allocate $100 million to refurbish and modernize existing coal-fired power plants in the country. Moreover, the Trump administration has now added metallurgical coal to a list of minerals it deems essential for the American economy and national security.