- Peabody Energy major share price increase, but dividend and share buybacks frozen until end of 2024, so no short-term returns to shareholders.
- Evidence of coal in long-term decline: few new coal plants, ability to finance coal developments disappearing, insurance difficulties, Asian coal imports fading.
- Technology suppliers Siemens and Toshiba both exit new orders for coal power plants.
- New CEO is a 30-year coal veteran. Does it help to have a 30-year veteran in a dying industry?
- Euphoria about share price increase seems unrealistic; this is not a time to invest in Peabody Energy.
For further details see:
Peabody Energy: Crunch Time 2024 If It Survives Until Then