Coal has long been a staple in the global energy mix due to its abundance and cost-effectiveness. In recent years, the energy sector has seen a renewed interest in coal, spurred by surging energy demand, geopolitical tensions, supply chain disruptions, and fluctuating gas prices. Reuters reported U.S. thermal coal exports hit 5-year highs and earned over $5 billion in 2023.
As the world grapples with balancing energy needs and environmental concerns, investors could consider buying shares of CONSOL Energy Inc. (CEIX) that can capitalize on the coal resurgence. As a prominent producer of bituminous coal, CONSOL Energy operates through the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal (CMT) segments.
