Why These Energy Stocks are Gaining This Week

5. Peabody Energy Corporation (NYSE:BTU

Share Price Gains Between Dec. 12 and Dec. 19: 5.9%

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

Peabody Energy Corporation (NYSE:BTU) received a lift on December 12 when UBS raised its price target on the stock from $27 to $29 while keeping a ‘Neutral’ rating.

Moreover, in the latest step by the Trump administration to support the American coal sector, the US Energy Secretary Chris Wright signed an order on December 16 for a Washington state coal plant to continue operating past its scheduled retirement date at the end of this year. Mr. Wright also ensured that the government would continue its efforts to keep the country’s coal plants running to keep the electricity price hikes in check and ensure the availability of critical generation sources.

In other news, Peabody Energy Corporation (NYSE:BTU) announced on December 19 that its CEO, Jim Grech, will step down in 2028, and the company is now preparing to identify a successor. Peabody also stated that Mr. Grech will continue to serve in an advisory capacity until 2030.