Hallador jumps after signing power contracts worth about $700 mln
08/10/2026 11:55
BUZZ-Hallador jumps after signing power contracts worth about $700 mln ** Shares of power producer Hallador Energy HNRG.O up 4.9% at $14.32 premarket
** Co says it executed six-year capacity and energy agreements with an investment-grade utility covering deliveries from June 2029 through May 2035
** Says the agreements are expected to generate about $700 million in revenue over the contract term
** Says the agreements increase its total forward sales book to about $3 billion
** Expects contracted capacity and energy revenue to rise to $73 per megawatt-hour by 2030 from $46 per megawatt-hour in 2026
** Up to last close, HNRG down 28.3% YTD
(Reporting by Varun Sahay in Bengaluru)