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The latest announcement is out from Hallador Energy Company ( (HNRG) ).
Hallador Energy Company terminated its at-the-market equity program with B. Riley Securities effective January 18, 2026, ending its ability to sell additional shares under that arrangement without incurring any termination penalties. Instead, the company shifted to a fully underwritten equity financing, entering on January 13, 2026, into an underwriting agreement with Texas Capital Securities and other underwriters for a common stock offering that, including the full exercise of the underwriters’ option on January 14, 2026, totaled 3,194,444 shares and closed on January 15, 2026, generating approximately $53.6 million in net proceeds. Hallador has indicated it plans to use the capital for general corporate purposes, including initial financial commitments to reserve equipment for a planned additional natural gas generating facility, signaling continued investment in expanding its power generation portfolio and potentially strengthening its long-term operational and financial position.
The most recent analyst rating on (HNRG) stock is a Hold with a $19.50 price target. To see the full list of analyst forecasts on Hallador Energy Company stock, see the HNRG Stock Forecast page.
Spark’s Take on HNRG Stock
According to Spark, TipRanks’ AI Analyst, HNRG is a Neutral.
The score is held back primarily by mixed financial performance (loss-making operations despite strong gross margin and cash flow) and soft technicals (negative MACD and below short-term moving averages). These are partially offset by a notably constructive earnings call highlighting sharp year-over-year improvement, enhanced liquidity actions, and a large forward sales book.
To see Spark’s full report on HNRG stock, click here.
More about Hallador Energy Company
Hallador Energy Company (Nasdaq: HNRG) is a vertically integrated independent power producer based in Terre Haute, Indiana, with two core businesses: Hallador Power Company, which generates electricity and capacity from its 1 GW Merom Generating Station, and Sunrise Coal, which produces and supplies coal fuel to Merom and other customers.
Average Trading Volume: 556,544
Technical Sentiment Signal: Buy
Current Market Cap: $823.5M
For a thorough assessment of HNRG stock, go to TipRanks’ Stock Analysis page.