Skip to content
Subscriber Only

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
Updated on

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.