In the face of ambitious climate pledges from several countries worldwide, many are unable to break their dependence on coal, as consumption is set to rise. Given the optimism, it could be wise to add fundamentally strong coal stocks Peabody Energy Corporation (BTU), Alpha Metallurgical Resources, Inc. (AMR), and CONSOL Energy Inc. (CEIX) to your portfolio, trading at discounted valuations.
Over the past year, the coal sector gained traction due to geopolitical tensions and unprecedented economic conditions. The Russian-Ukraine war and the subsequent response from the United States and its allies have had a crippling impact on energy resources, boosting the demand for pivotal commodities globally.
