Top 10 Solar Stocks To Buy 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 Ben Levisohn]
Goldman Sachs analystsNeil Mehta and Vinit Joshistarted Consol Energy at Neutral in a report dated yesterday, while stating their preference for Peabody Energy (BTU) SunCoke Energy (SXC). Mehta and Joshi explain why they remain on the sidelines:
- [By Matt DiLallo]
Not only do coal exports benefit coal producing states, but they are a big economic driver and job creator for states that export coal globally. Consider Virginia, which has a major coal export facility in Norfolk operated by the Dominion Terminal Associates. That entity, which is owned Alpha Natural Resources, Peabody (NYSE: BTU ) , and Arch Coal (NYSE: ACI ) , as well as others like it, help to contribute more than 19,000 jobs to the state as well as $2.5 billion in economic value. It's really a win-win situation, as coal producers have a market for their coal while the states gain high-paying jobs.
- [By Justin Loiseau]
Wall Street wasn't aiming high with this corporation. Sales are down a seasonally adjusted 8.5%, while adjusted EPS plummeted 50% as mining companies cont! inually find themselves between a rock and a hard place. But considering Cliff's newest report and Peabody Energy's (NYSE: BTU ) earnings win earlier this week, it seems that mining companies aren't out of steam yet. Yesterday's report coincided with a new International Energy Outlook report predicting a 56% uptick in global energy use over the next three decades. Mining companies' share prices have trailed the Dow over the past 12 months, with Peabody down 37% and Cliffs lagging a whopping 78%.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-10-solar-stocks-to-buy-for-2015-3.html
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