4 Coal Stocks to Watch From a Challenging Industry
The Zacks Coal industry stocks staged a rebound in 2022 courtesy of global demand and surging natural gas prices. However, in 2023 demand for coal may suffer due to lesser coal utilization in the United States to produce electricity, planned retirement of coal units and the utilization of more renewable sources for electricity generation. The ongoing transition, with utility operators steadily phasing out coal units, will adversely impact the coal industry. Then again, the persisting conflict between Russia and Ukraine is creating fresh demand from coal-importing countries. Hence, coal export from the United States is expected to improve in 2023 from the year-ago level.
