Why These Energy Stocks Are Gaining This Week

2. NACCO Industries, Inc. (NYSE:NC)

Share Price Gains Between Apr. 3 – Apr. 10: 14%

NACCO Industries, Inc. (NYSE:NC), together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management.

The American coal business, the backbone of NACCO Industries, Inc. (NYSE:NC), is set to benefit tremendously from President Trump’s executive orders to boost the country’s coal production. Last week, the US Bureau of Land Management released a draft environmental analysis of new lease areas for North Dakota’s Freedom Mine, owned by NC. The Freedom Mine, which produces between 11.5 million and 13.5 million tons of lignite coal, is seeking to lease an additional 1,350 acres containing an estimated 24 million tons of mineable coal. The expansion aims to ensure the mine’s continued operation through 2045. Earlier this week, the President issued orders directing agencies to identify coal resources on federal land and prioritize coal leasing on those lands, marking a significant step forward for NACCO Industries, Inc. (NYSE:NC).