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Added to YB: 2026-03-09

Pitch date: 2026-03-06

HNRG [neutral]

Hallador Energy Company

Author Info

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Company Info

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana.

Market Cap

$881.1M

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

8.67

P/E

-4.67

EV/Sales

2.00

Sector

Independent Power and Renewable Electricity Producers

Category

special_situation

Show full summary:
Hallador Pt. 2 — 'Massive' Data Center Incoming in Sullivan, IN? ($HNRG)

HNRG (update): OSINT suggests major data center deal w/ hyperscaler imminent. 1.5GW power (1GW Merom + 500MW natgas expansion) via cofiring to meet ESG reqs. Construction filings link Heartland Industrial Park LLC to Merom location; Stantec reps confirm datacenter talks. Raised $50M for cofiring despite strong FCF. Risks: coal stigma, early stage talks, past deal failures, wetlands constraints. Geopolitical energy spike adds optionality.

Read full article (6 min)