ST. LOUIS — Coal giant Peabody surprised the industry last week with its announcement that it was getting into renewable energy. But as the shock faded, analysts said the move made a lot of sense.
The St. Louis-based company — the world’s largest private-sector coal producer — has acres of land, willing investors and electrical lines already in place for the job.
But it’s a sea change for the fossil fuel titan, long a fierce defender of the coal industry.
