Why Peabody Energy Stock Is Soaring This Week

Shares of Peabody Energy (NYSE: BTU) are soaring 23.9% this week from where they closed last Friday, according to data from S&P Global Market Intelligence, as the war in Ukraine caused sanctions to be imposed on Russia, leading oil prices to run even higher.

While Peabody is a coal producer, higher oil prices are causing global governments to look for potential alternative sources of energy, and coal is a leading source.

Image source: Getty Images.

Continue reading

Source Fool.com