5 Best Value Penny Stocks To Invest In Now

2. Hallador Energy Co (NASDAQ:HNRG)

Number of Hedge Fund Investors: 17

Goldman Sachs recently published a list of stocks that could benefit if Donald Trump wins the 2024 election. Colorado-based coal company Hallador Energy Co (NASDAQ:HNRG) was part of the list under coal theme.

A total of 17 hedge funds in Insider Monkey’s database have stakes in Hallador Energy Co (NASDAQ:HNRG) as of the end of 2023.

Cove Street Small Cap Value Fund stated the following regarding Hallador Energy Company (NASDAQ:HNRG) in its first quarter 2024 investor letter:

“Hallador Energy Company (NASDAQ:HNRG) is a classic case of “I guess we should have sold it all.” We don’t pretend that the coal business and the coal power generation business is not cyclical, but this was past the north-end of our expectations. A warm winter and low gas prices were the simple double whammy. We see the opposite this summer. Underneath short-term movement, the U.S. remains in a dance between the desire for Green and the necessity of consistently keeping the lights on. These assets get more valuable every day in our opinion.”