10 Firms Buck Broader Market Optimism

1. CNX Resources Corp. (NYSE:CNX)

Shares of CNX Resources Corp. posted the biggest decline on Friday, dropping 11.25 percent or 4.20 points to close at $33.12 apiece.

According to analysts, shares of the company were weighed down by its lukewarm reception of the new hydrogen tax credits.

While it acknowledges the environmental and economic benefits of Coal Mine Methane, CNX said that the final rules of Section 45V, the Clean Hydrogen Production Tax Credit, seem too restrictive and do not offer sufficient economic incentives to expand its CMM capture operations for hydrogen use.

Despite reservations, the company said it is planning to leverage the validation and explore alternative incentive pathways for CMM, such as voluntary markets, other tax incentives, and compliance program commercial opportunities.

While we acknowledge the potential of CNX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CNX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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