WHC caught our eye on Wednesday although it did play second fiddle to the uranium names on the day. The markets are expecting coal demand to soften in 2026, but while prices have softened in recent weeks, they remain over 40% above their June lows with WHC pushing toward fresh 2025 highs. As we often say, markets that rally in the face of bad news are bullish, and that’s been the case with WHC in the face of bearish sentiment towards fossil fuels.
- We remain bullish towards WHC, targeting the $9 region: we hold WHC in our Active Growth Portfolio.