Peabody Surges as Coal Demand Drives Up Fourth-Quarter Sales
- Biggest U.S. coal miner has already sold everything for 2022
- Global energy crisis has boosted prices for fossil fuels
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U.S. coal giant Peabody Energy Corp. surged after posting quarterly profit that was almost triple what analysts expected, driven by strong demand and high prices for the dirtiest fossil fuel.
Shares soared as much as 21% to $16.46, the highest since October.