From Yahoo Finance: 2025-05-20 10:40:00

Northland Capital Markets initiated coverage of Hallador Energy Company (NASDAQ:HNRG) with an Outperform rating and a price target of $23, citing the company’s acquisition of a 1 GW power plant in 2022 and negotiations for a long-term contract with a data center.

The firm highlighted Hallador’s low-priced legacy power contracts set to expire in 2025, expecting a positive impact on earnings estimates in 2026 and beyond.

Hallador Energy produces steam coal for the electric power generation industry in Indiana, owning multiple mines in Knox and Pike Counties.

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Read more: Northland Initiates Coverage of Hallador (HNRG) Stock, Cites Data Center Contract Potential