10 Best Solar Stocks To Own For 2015: Peabody Energy Corporation(BTU)
Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. The company owns interests in 30 coal mining operations located in the United States and Australia, as well as owns joint venture interest in a Venezuela mine. It is also involved in marketing, brokering, and trading coal. In addition, the company develops a mine-mouth coal-fueled generating plant; and Btu Conversion projects that are designed to convert coal to natural gas or transportation fuels; and clean coal technologies. As of December 31, 2011, it had 9 billion tons of proven and probable coal reserves. The company was founded in 1883 and is headquartered in St. Louis, Missouri.Advisors' Opinion:
- [By Reuben Brewer]
Peabody Energy (NYSE: BTU ) disappointed on the earnings front in the first quarter. That's set the tone for the second quarter, which is likely to see continued weakness. However, the big question to ask isn't, "Is the coal market in a trough?" We know it is. The question to ask is: "Is the coal market ready to turn yet?"
- [By Ben Levisohn]
Coal stocks Alpha Natural Resources (ANR), Arch Coal (ACI) and Peabody Energy (BTU) are soaring today following China’s strong GDP reading and CSX Corp’s (CSX) solid earnings. FBR’s Mitesh Thakkar isn’t feeling too optimistic heading into earnings, however:
- [By Garrett Cook]
Peabody Energy (NYSE: BTU) shares tumbled 14.07 percent to $16.80 after Deutsche Bank downgraded the stock from Buy to Hold and lowered the price target from $23.00 to $19.00.
source from Top Stocks For 2015:http://www.topstocksblog.com/10-best-solar-sto! cks-to-own-for-2015-2.html