Why These Energy Stocks are Losing This Week

5. Peabody Energy Corporation (NYSE:BTU

Share Price Decline Between July 22 – July 29: 7.27%

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 soared earlier this month following the Chinese government’s move to crack down on coal companies producing coal above permitted levels in order to regulate the market. So the recent downturn in prices could be due to investors taking their profits.

Peabody Energy Corporation (NYSE:BTU) also received a boost recently 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, to claim an advanced manufacturing production tax credit available for critical minerals.