Why These Energy Stocks are Gaining This Week

3. Hallador Energy Company (NASDAQ:HNRG)

Share Price Gains Between Mar. 10 – Mar. 17: 33.49%

With its roots in oil and gas exploration, Hallador Energy Company (NASDAQ:HNRG) has evolved to concentrate on coal development and transportation delivery.

Hallador Energy Company (NASDAQ:HNRG) is transitioning from a mere coal producer to a vertically integrated power producer and has even signed an exclusive commitment agreement with a leading global data center developer, effective January 2, 2025. In anticipation of declining coal demand, the company has also proactively reduced volumes and shed higher-cost coal reserves, which lowered its operational cash costs in Q4 of 2024. The company also significantly strengthened its balance sheet, reducing its debt by $47.5 million to $44 million and increasing its liquidity to $37.8 million at the end of 2024.