Arch Resources Shares Could Face Pressure Ahead Of A Challenging Q2 And Q3
With lower met coal prices and challenges with rail logistics, Arch may have a difficult time meeting Q2 guidance. I believe a loss in the quarter is possible. With recent quotes for High Vol-A met coal around $190, Q3 estimates will also come in far below the current $4.55 estimate. Arch has already guided to minimal shareholder returns in Q2, and Q3 may look similar unless prices turn higher soon.
3 Coal Stocks to Leave in the Dirt as Wind Power Soars
Investors could benefit from ditching these three problematic coal stocks now, given recent developments in wind energy. All countries are developing policies to enhance the shift towards renewable energy sources.
Top 5 Businesses We Own: Q2 2024 Update
The businesses we own are at extremely attractive prices with safe balance sheets and capable management. We have a large exposure to energy names/royalty companies, natural resource companies, cyclicals and industrials. We have focused our names on the companies with the lowest-cost-to-deliver, healthy balance sheets and good management.
Archer Air, operator of electric air taxis, cleared by FAA to operate an airline
Shares of Archer Aviation Inc. got a lift Wednesday after company, which operates electric air taxis, said its Archer Air subsidiary received certification from the U.S. Federal Aviation Administration to operate as a commercial airline.
3 Coal Stocks to Watch Amid Ongoing Industry Challenges
Despite the expected drop in U.S. coal production volumes, Zacks Coal industry players like Arch Resources (ARCH), Alliance Resource Partners (ARLP) and SunCoke Energy (SXC) are likely to remain competitive with improving coal export volumes.
