Added to YB: 2025-04-24
Pitch date: 2025-04-22
HNRG [bullish]
Hallador Energy Company
+8.95%
current return
Author Info
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Company Info
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry.
Market Cap
$411.7M
Pitch Price
$14.53
Price Target
50.00 (+216%)
Dividend
N/A
EV/EBITDA
9.96
P/E
-17.43
EV/Sales
1.14
Sector
Oil, Gas and Consumable Fuels
Category
growth
Hallador's 'Beautiful, Clean Coal': Near Term Catalyst w/ 200% Upside ($HNRG)
HNRG: Coal miner transitioning to IPP with Merom power plant. Recent EPR approval unnoticed. Near finalization of deal with data center partner, expected May-June. Fair value as coal co (2.5x EBITDA) but IPP transition = 8-10x multiple. $200-250M Power EBITDA potential on 10-15yr fixed-price contract. PT: $20-25 near-term, $50 longer-term (3.7x upside).
Read full article (6 min)