BUZZ-Hallador shares surge after signing power contracts worth approximately 700 millions dollars
路透社2026/10/08 11:06On October 8, shares of power producer Hallador Energy (HNRG.O) rose 4.9% in pre-market trading to $14.32. The company announced it has signed a six-year capacity and power supply agreement with an investment-grade utility company, covering power supply from June 2029 to May 2035. These agreements are expected to generate approximately $700 millions in revenue over the contract period. With these agreements, the company’s total forward sales will increase to around $3 billions. The contracted capacity and power revenue is expected to rise from $46 per megawatt-hour in 2026 to $73 per megawatt-hour in 2030. As of the close of the previous trading day, HNRG had fallen 28.3% year-to-date.
October 8 - ** Shares of power producer Hallador Energy (HNRG.O) rose 4.9% in pre-market trading to $14.32
** The company said it has signed a six-year capacity and power supply agreement with an investment-grade utility, covering power supply from June 2029 to May 2035
** The company expects these agreements to generate about $700 million in revenue during the contract period
** Hallador Energy said these agreements will increase its total forward sales to approximately $3 billion
** The company expects contracted capacity and power revenue to rise from $46 per megawatt hour in 2026 to $73 per megawatt hour in 2030
** As of the previous trading day's close, HNRG has fallen 28.3% so far this year
(To assist non-native English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translations may contain errors or lack needed context, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for reader convenience. Reuters assumes no responsibility for any harm or loss caused by use of the automated translation capability.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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