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.
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