Coal miner Hallador Energy near 1-1/2 year high on renewables push
01/06/2021 15:48
** Shares of coal miner HNRG.O jump as much as 15.3% to
$2.79, their highest since Jan. 2020
** Co says it is working with Hoosier Energy Rural Electric
Cooperative to develop up to 1,000 megawatts of renewable power
near Hoosier's Merom Coal Generation Station urn:newsml:reuters.com:*:nGNX7y67pb
** Hallador to initially develop about 200 MW of energy from
solar and battery storage; move comes amid growing scrutiny of
carbon-heavy power sources, and a broader push into
decarbonization
** Stock set for its best day in nearly two months, up
64.6% YTD
(Reporting by Ambar Warrick in Bengaluru)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))