After Hallador Energy (HNRG) announced that the counterparty of its exclusive data center negotiation, which was slated to expire in a couple of weeks, has terminated the agreement, Northland notes that the firm expects the stock to trade down on the news given increased perceived uncertainty. However, the firm would be buyers on weakness as it thinks “ultimately a deal can still get done,” the analyst tells investors. The firm has an Outperform rating and $23 price target on Hallador shares, which are down $3.53, or 19%, to $15.30 in pre-market trading.
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