The coal sector has gained traction over the past year due to geopolitical tensions and unprecedented economic conditions. However, with several countries worldwide making ambitious climate pledges, keeping an eye on the industry’s long-term prospects is essential.
In this context, I have discussed why fundamentally sound coal stocks, China Shenhua Energy Company Limited (CSUAY), and CONSOL Energy Inc. (CEIX) could be solid buys this month, while investors should wait for a better entry point in Peabody Energy Corporation (BTU).
