Despite the rising focus on nonrenewable energy substitutes, there has been an escalating demand for coal due to its affordability. Moreover, growing plant capacities have solidified the sector’s growth prospects.
Given this backdrop, investors could consider buying fundamentally strong coal stocks such as CONSOL Energy Inc. (CEIX), China Coal Energy Company Limited (CCOZY), SunCoke Energy, Inc. (SXC), and China Shenhua Energy Company Limited (CSUAY), given their solid momentum.
