Peabody Statement on President Trump's Advancing America's Clean Beautiful Coal Announcements
Rhea-AI Summary
Peabody (NYSE: BTU), a leading coal producer, has released a statement supporting President Trump's administration's new policy announcements regarding "Advancing America's Clean Beautiful Coal" initiatives. The company praised the administration's efforts to restore balance to U.S. energy policy and reaffirm coal's role in energy security.
The statement highlights the administration's partnership with private industry to achieve leadership in rare earth elements and critical minerals essential for advanced technologies. The announcement involves key officials including Interior Secretary Burgum, Energy Secretary Wright, Administrator Zeldin, and the Energy Dominance Council.
Positive
- None.
Negative
- None.
News Market Reaction 40 Alerts
On the day this news was published, BTU gained 9.29%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.7% during that session. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $279M to the company's valuation, bringing the market cap to $3.28B at that time.
Data tracked by StockTitan Argus on the day of publication.
"We applaud President Trump for the bold actions taken today to restore balance to
Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com.
CONTACT:
Mary Compton
pr@peabodyenergy.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-statement-on-president-trumps-advancing-americas-clean-beautiful-coal-announcements-302569803.html
SOURCE Peabody