Hallador Energy initiated with a Hold at Jefferies

Jefferies initiated coverage of Hallador Energy (HNRG) with a Hold rating and $17.50 price target Given ongoing power constraints and the company’s significant open capacity from 2027, the firm sees material hyperscaler contracting related upside, though this is partially reflected in shares, the analyst tells investors. The risk/reward looks “fairly balanced at this point” for the independent power producer, the analyst added.