2 Stats Show the Dire State of U.S. Coal-Fired Power Plants
A combination of factors is allowing the United States to rapidly decarbonize its power sector. Almost all of them create existential risks for coal-fired power plants.
America's coal fleet turned in its weakest first-quarter performance in decades due to a mild winter, the rise of renewables, and falling natural gas prices. The consumption-sapping effects of the coronavirus pandemic suggest the second-quarter performance will be even worse.
The nuance behind the numbers suggests the downturn will be difficult, if not impossible, for coal to recover from. That will create challenges and opportunities for individual investors.
Source Fool.com