Coal Demand Could Do Wonders For BTU
Barron's expects an increase of 55% in the global use of coal by 2025. Peabody Energy Corporation (NYSE: BTU) is a company that will benefit from this trend, and its stock price could double in the next few years, according to Barron's.
China and India will probably be the sources ot this growth, and Peabody (BTU) is trying to increase its presence in Asia through aquisitions. The company is already active in Australia.
Peabody (BTU) fell 1.37% on Friday, closing at $35.20.
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