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Why Peabody Energy Stock Jumped 15% This Week
The Motley Fool·
President Trump invoked the Defense Production Act to boost the U.S. coal industry, announcing hundreds of millions in funding to build, upgrade, and modernize coal-powered infrastructure. The plan includes $350 million for new and recommissioned coal plants, with the DOE committing an additional $175 million to upgrade existing facilities. This aggressive pivot to fossil fuels aims to expand grid capacity and meet rising energy demand from AI data centers. Peabody Energy, the largest U.S. coal producer, saw its stock surge 15% following the announcement.
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