Coal miner WHC has experienced an extremely volatile few years, with 2023 relatively quiet after its 1Q re-rating on the downside. The stock looks poised to pop back above $8 when we see a glimmer of optimism in the underlying coal price but it’s still off the menu for many investors due it’s “dirty energy” profile.
- We are long WHC in our Active Growth but don’t plan to increase our exposure above $6.
MM remains long and bullish toward WHC
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