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8 stories mentioning HNRGUpdated 18d ago

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Equities

Hallador Says Selected by US Department of Energy for $27.2 Million Award Negotiations

Hallador Energy (HNRG) said Friday its Hallador Power unit was selected by the US Department of Energy to start award negotiations for up to $27.2 million in potential federal funding to modernize its generating station in Merom, Indiana.The total project cost is expected to be $56.9 million, according to a statement.Through the planned project, Hallador Power will modernize Merom units 1 and 2 water handling systems to further decrease its environmental impact, the company said.The company said it can't guarantee that any funding will be awarded or received via the negotiations.

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Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 2%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil rose 1.7% to $93.74 a barrel, and the global benchmark Brent crude contract advanced 1.1% to $96.03 a barrel. Henry Hub natural gas futures decreased 0.6% to $3.16 per 1 million BTU.In corporate news, BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported. BP shares were up 1%.Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg reported, citing CEO K. R. Sridhar. The company, which recently signed a deal with Oracle (ORCL) to supply up to 2.8 gigawatts of power for data centers, can recover the cost of building new manufacturing capacity within six months via sales, Sridhar told the news outlet. Bloom Energy shares jumped past 9%.Hallador Energy (HNRG) said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project. Hallador shares were down 0.1%.

$BE$BP$HNRG
Sectors

Sector Update: Energy Stocks Rise Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was climbing 2.4%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil was rising 1.6% to $93.59 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $96.03 a barrel. Henry Hub natural gas futures decreased 0.7% to $3.16 per 1 million BTU.In sector news, President Donald Trump said he believes a deal to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable "over the next week," CNN reported. Lebanese authorities said Hezbollah, an Iran-backed militant group, agreed to a US proposal for a ceasefire with Israel in which strikes on Beirut would stop, the news report said. Trump declared Israeli forces would not move on Beirut after a call with Prime Minister Benjamin Netanyahu, it added.In corporate news, Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg reported, citing CEO K. R. Sridhar. The company, which recently signed a deal with Oracle (ORCL) to supply up to 2.8 gigawatts of power for data centers, can recover the cost of building new manufacturing capacity within six months via sales, Sridhar told the news outlet. Bloom Energy shares jumped 10%.BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported. BP shares were up 1%.Hallador Energy (HNRG) shares added 0.7%. The company said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project.

$BE$BP$HNRG
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was climbing 2.4%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil was rising 1% to $93.12 a barrel, and the global benchmark Brent crude contract was advancing 0.7% to $95.64 a barrel. Henry Hub natural gas futures decreased 0.9% to $3.15 per 1 million BTU.In corporate news, Hallador Energy (HNRG) shares rose 1.5%. The company said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project.

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Commodities

Hallador Energy to Buy 460 MW Siemens Turbines for Merom Gas-Fired Power

Hallador Energy Company (HNRG) said on Monday it has agreed to purchase 460 megawatts of Siemens gas turbines, generators, a steam turbine, and ancillary equipment from Energy World Corporation for its Merom simple cycle natural gas-fired combustion turbine project.The total purchase price of the acquisition is about $350 million or about $760/kilowatt, the company, an Indiana-based coal mining and power generation company, said in a statement.Including the incremental costs for transportation, refurbishment, insurance, and logistics, the delivered price for the acquisition is around $450 million, which is over 50% of the Merom project's estimated total cost, the statement said.The project is currently advancing the Midcontinent Independent System Operator's expedited resource addition study interconnection process, with revenue generation targeted for late 2028 to mid-2029, the statement said.The company will continue to seek long-term power purchase agreements and a final investment decision is expected after the completion of the study in September.Hallador retains the option to either fully develop the project, sell it with the equipment, or sell the equipment separately, with the decision subject to receipt and evaluation of MISO approvals, offtake agreements, financing, and other project development milestones, it added.

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Equities

Hallador Energy to Acquire Siemens Gas Turbines for $350 Million to Advance Merom Project

Hallador Energy (HNRG) agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million, supporting development of its proposed Merom natural gas-fired combustion turbine project, the company said late Monday.Hallador also estimates transportation, refurbishment, insurance and logistics costs of about $100 million for the delivery of the equipment.The equipment acquisition secures critical long-lead assets in a constrained turbine market and could allow the Merom project to begin generating revenue between late 2028 and mid-2029, the company said.Hallador said it will make a final investment decision after completion of the MISO Expedited Resource Addition Study, expected in September.

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Equities

B. Riley Adjusts Hallador Energy Price Target to $29 From $27, Maintains Buy Rating

Hallador Energy Co (HNRG) has an average rating of Buy and mean price target of $26.90, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Equities

Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

Hallador Energy (HNRG) reported a Q1 net loss late Wednesday of $0.20 per diluted share, swinging from earnings of $0.23 a year earlier.Analysts polled by FactSet expected a $0.11 loss.Sales and operating revenue for the quarter ended March 31 were $101.8 million, down from $117.7 million a year earlier.Analysts polled by FactSet expected $102.3 million.The company signed a 12-year deal to sell a "substantial" portion of its accredited capacity to a subsidiary of a utility from 2028 through 2040, Hallador said. The deal initially covers a smaller volume of accredited capacity in 2028, rising to two-thirds of the capacity starting in 2029 through 2040.The company expects to generate more than $1 billion in revenue from the deal, which is subject to regulatory approvals, expected in H2 2026.Hallador shares were up 15% in premarket activity Thursday.

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