Hallador jumps after signing power contracts worth about $700 million
HNRG•Hallador Energy signed six-year capacity and energy agreements with an investment-grade utility, expected to generate about $700 million in revenue. The agreements increase its forward sales book to about $3 billion.
1. Contract details
The agreements cover deliveries from June 2029 through May 2035. Hallador expects contracted capacity and energy revenue to rise to $73 per megawatt-hour by 2030, from $46 per megawatt-hour in 2026.
