Market Chatter: Arch Coal, other Coal Stocks Get a Lift from Analyst Bullish Reports

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Arch Coal ( ACI ) shares are gaining 6.5% and moving further away from a year low $9.88 on positive research reports out of FBR and Nomura, reports the Wall Street Journal.

According to the Wall Street Journal, FBR recently backed its belief that even though natural gas is cheap it won't displace coal in the U.S. power fleet. FBR says that most of the utilities that can switch to gas have already done so.

Meanwhile Nomura says coal exports came close to tripling in March compared to the year-ago.

Other coal companies getting a lift in trading Thursday include Peabody Energy ( BTU ), which was recently up nearly 7% to $29.18, Patriot Coal ( PCX ), which was trading 8.4% higher to $6.23 and Alpha Natural Resources ( ANR )which was recently 9% higher at $15.93.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ACI , ANR , BTU , PCX

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