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Einhorn Cuts Stake in Consol After Coal Miner Slumped 50%

Greenlight and related companies hold 10% stake in Consol
Global demand to remain strong as U.S. utilities shun coal

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January 12, 2021, 2:10 PM UTCUpdated onJanuary 12, 2021, 5:33 PM UTC

Activist investor David Einhorn has reduced his stake in Consol Energy Inc. after the coal miner slumped 50% last year.

Einhorn’s hedge fund Greenlight Capital and other entities connected to him disclosed a 10% stake in Consol, according to a filing. That’s down from an earlier 11.8% stake.