Hallador Energy price target raised to $29 from $23 at Northland

Northland analyst Jeff Grampp raised the firm’s price target on Hallador Energy (HNRG) to $29 from $23 and keeps an Outperform rating on the shares. The company, which is continuing to have positive discussions with potential customers on its larger-scale PPA opportunity, seems to be having enough positive conversations that it is now evaluating adding 525 MW of new capacity to its Merom site, aiming to be online by Q4 2028, the analyst tells investors.