Market Overview

Coal Stocks Up Big On Supreme Court News

Coal Stocks Up Big On Supreme Court News

Coal stocks were trading higher on Wednesday morning after the U.S. Supreme Court blocked President Obama's Clean Power Plan intended to cut emissions from power plants.

Bloomberg noted that a 5–4 order halts the Environmental Protection Agency's Clean Power Plan until the final months of Obama's term. The publication added that the Supreme Court's vote "casts doubt" on the ultimate fate of the clean power plan.

Related Link: The Coal Conundrum For Transporation ETFs

Shares of Peabody Energy Corporation (NYSE: BTU) were surging higher by nearly 30 percent ahead of Wednesday's market open, while Cloud Peak Energy Inc. (NYSE: CLD) were higher by more than 25 percent.

CONSOL Energy Inc. (NYSE: CNX)'s stock was trading higher by more than 10 percent, and shares of Cliffs Natural Resources Inc (NYSE: CLF) were higher by around 6 percent.

Image Credit: Public Domain

Posted-In: News Commodities Politics Legal Markets Movers Trading Ideas General Best of Benzinga


Related Articles (BTU + CLD)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Benzinga's Top Downgrades

Deutsche Bank Ponders Multi-Billion Dollar Bond Buyback