Added to YB: 2026-10-15
Pitch date: 2026-10-13
HNRG [bullish]
Hallador Energy Company
-8.74%
current return
Author Info
Jaime Bermejo shares investing thoughts and ideas in his newsletter. Sign up for his newsletter.
Company Info
Hallador Energy Company, through its subsidiaries, operates as an independent power producer and fuel company in the United States.
Market Cap
$686.4M
Pitch Price
$13.61
Price Target
33.00 (+137%)
Dividend
N/A
EV/EBITDA
12.45
P/E
-717.63
EV/Sales
1.55
Sector
Independent Power and Renewable Electricity Producers
Category
value
Hallador Energy (HNRG): The Contracts Are Worth More Than the Company
HNRG: Hallador’s $3bn of utility contracts cover ~95% of Merom’s accredited coal capacity through 2035, with capacity revenue set to rise $56m from 2027-29; mostly open energy from 2029 adds upside if Indiana power prices strengthen. The $14 stock is valued at $25 per share centrally, mostly from Merom, within a $12.5-$33 range. Risks include outages, an uncontracted gas plant, a $245m funding gap and 11.5%+ debt due in 2029.
Read full article (9 min)