Reports Of Coal's Death Have Been Greatly Exaggerated

2026-02-26 09:35:00 ET

By Stacey Morris, CFA

The energy sector has been on a tear to start the year. The Energy Select Sector Index ( IXE ) is up over 20% year-to-date through February 23 as oil prices have gained on geopolitical tensions. However, the more pronounced strength in the energy complex over the last year has come from nuclear and coal. Over the last 12 months, the VettaFi Nuclear Renaissance Index (NUKZX) is up 61%, and the VettaFi Global Coal Index (COALX) is up 43%, while the IXE is up just 21% on a price-return basis....

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