Alliance Global Partners put a Buy rating on Hallador Energy (HNRG) with a $20 price target following a transfer of coverage. The company’s Sunrise Coal division serves as a source of fuel and feedstock for its Merom Power Plant, which is located in Indiana, the analyst tells investors in a research note. The firm expects margin expansion in the coming years as market rate pricing is realized as power demand is expected to increase significantly due to data center demand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HNRG:
- Closing Bell Movers: Deckers falls 15% on weak guidance; Nuclear names rally
- Hallador Energy’s down 20% as conversion transaction agreement terminated
- Hallador Energy’s Agreement Terminated by Counterparty
- Netflix, Reddit downgraded: Wall Street’s top analyst calls
- Hallador Energy initiated with an Outperform at Northland